Forum Archive Index - May 2002

[Derek <dkw@paradise.net.nz>]

I see GPG thought it was making a takeover offer for last year at 12c, 
still 19.5 c is a lot higher than that and they have had a bad year with a 
$29m loss.

If you are interested in AUG, then I recommend reading their annual 2001 
annual report at:

http://www.auroragold.com.au/annual-report/annual_reports_index.html

Without reading it all myself the best I can do is have a look at the 
chart, looks like it has just finished a short term ascending-triangle 
formation (since mid-March). Note the chart does not show todays closing 
price of 19.5c.

( 
http://www.stockcharts.com/education/What/ChartAnalysis/triangle-Ascending.html 
)

But there may be some resistance at 19.5c. If this resistance holds then it 
may form a longer term ascending triangle (since mid Jan) which would be 
bullish. Regardless of this the long term trend is up which is positive, it 
has held this trend since August 2001. If it breaks below this trend then a 
sell would be indicated.

Regards,
Derek

disc, don't hold AUG, this is not advice to buy or sell AUG.
The chart was from http://www.incrediblecharts.com

aug.gif

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