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Building a base at 1.20
posted on
Dec 22, 2009 11:41AM
Shares have been building a base over the last 5 days, hopefully this is enough to show investors that there is some support at this level.
We could now see a move to the 1.35 area in the new year pending any news on operations. With sustained flow rates at these levels the cash flow models show that a price move to 1.70 is not unreasonable IMHO
