Tuesday, July 19, 2016 6:07:42 PM
PRU.TO - if long see slide 13
AUD $100M of new equity capital raised so all this money knows this but costs peak in October 2016 but would expect low to be put in place a few months before this but I don't expect any major selloff, but supports a correction. PRU just likely to be flat the next couple months so I am going to lighten up a bit temporarily and try to add-back near bottom of channel. Traded a bit today for CNE.TO if you look over on Junior energy board.
The cost for the new equity was AUD 0.50/share. AUD and TSX ($CAD) share price basically the same for twin-commodity currencies.
I think there is a risk then that PRU.TO could drift down to 0.50 over the next month which is also bottom of uptrend channel below.
This is a new presentation.
http://www.perseusmining.com.au/aurora/assets/user_content/01756426.pdf
AUD $100M of new equity capital raised so all this money knows this but costs peak in October 2016 but would expect low to be put in place a few months before this but I don't expect any major selloff, but supports a correction. PRU just likely to be flat the next couple months so I am going to lighten up a bit temporarily and try to add-back near bottom of channel. Traded a bit today for CNE.TO if you look over on Junior energy board.
The cost for the new equity was AUD 0.50/share. AUD and TSX ($CAD) share price basically the same for twin-commodity currencies.
I think there is a risk then that PRU.TO could drift down to 0.50 over the next month which is also bottom of uptrend channel below.
This is a new presentation.
http://www.perseusmining.com.au/aurora/assets/user_content/01756426.pdf
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
