GREY:MPRXF - Post by User
Comment by
hrattleon Mar 22, 2012 10:28am
127 Views
Post# 19704675
RE: Can it go lower???
RE: Can it go lower??? It depends upon the PP - if it closes then I doubt this will drop below the 45 cents seen earlier this year. If it has to be revised then a new 52 week low below 34 cents is possible.
Most of the buying seems to have been short covering - there is still 2.7 m (at much lower prices) to cover so this demand is still there.
My guess is that the PP is revised to 55 cents and this drops to 40 cents and trends down until they announce that Headway is drilling again.