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Bullboard - Stock Discussion Forum Seafield Resources Ltd V.SFF

TSXV:SFF - Post Discussion

Seafield Resources Ltd > Technicals
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Post by AngelEyes3 on Apr 25, 2011 12:42pm

Technicals

Looks like it has bottomed here at 27 1/2 cent range. Anything is possible but given the dirill resulst of 1 g over 360m this looks cheap in my opinion. Looks like we should be seeing the bottom in at this range. They had raised funds and have the cash to drill. Any positive drill result news might set the shares challenging the previous high. Only time will tell but the shares have sold off nicely over the last few months.
Comment by Pandora on Apr 25, 2011 12:54pm
"the shares have sold off nicely over the last few months."Now isn't that a classic statement. Look at 80% of the gold juniors over the last month or more and they have all been sold off (and I'm not sure it's "nicely". ) Most people are in to see their shares go up nicely I believe but then there are those that were fortunate enough or lucky enough to have just ...more  
Comment by llamabingo on Apr 25, 2011 12:57pm
   Ha dicho  " Only time will tell but the shares have sold off nicely over the last few months" the sell off imo was not nice, unless you were short, there was signiificant evidence of wreching and puking it became obvios to a short seller there were bagholders and hopefulls and long term prayers/faithfuls   - people that were in and bot ...more  
Comment by AngelEyes3 on Apr 25, 2011 1:06pm
I was just trying to say we have an opportunity to buy cheap shares given the share price drop. I have been watching the company and still feel it is undervalued. It represents an opportunity to buy for first time buyers or buy to lower your average price. But it can still fall further but the techincals are showing that we are near a low. Do not get overly exciting by me staing shares have ...more  
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