It has bounced twice of R45 support. There was clearly a big seller or someone trying to hold the price down. Whatever it was, it seems to be out of the way now.....Something is defin on!!! Im positive...any day now
Am cautiously bullish but think that would be more comfortable about out look if it crossed 50 and heads up given that no news comes out. But in this market one never knows, mining page said deal could be announced by next month so am watching.
Well its holding. And the div yield at this price is 11% I'm tempted to get in? More opinions? I didn't like this one because of the Left over Mine life ... but since there is wind of a take-over (but then likely the div is out the bag?)
trading at about 10% below 30 day ave. In talks of deal and posted good earnings with about 11% div. Rumor that deal may be announced soon (however i cannot substantiate) at some premium. Some have it at bout 20% and more with buy out for minority share holders. Price has been moving up good and charts show no break in momentum (as i read 1 hour intraday) Tested its resistance 4600 and moving up from there. am watching the close... OMO