Nevsun Resources – All Aboard!Published: July 16, 2009 by RssFeed The following is automatically syndicated from Grandich's blog. You can view the original post here
July 16, 2009 05:31 PM Today’s news of a super fast closing on the debt financing for NSU makes me feel the train is now ready to pull out of the station. With a superb fast payback and a world class project, I believe NSU is a prime takeover target. I think we’re set to break out now and our first target is $2. I do feel $2.50 can be reached within the next 6-9 months and believe a $4-$5 takeover target is reasonable. The $1.50 area was once support on three different occasions so it was not surprising to see it become resistance after the market meltdown last year. I think it’s set to be taken out here barring a sell-off in gold. Again, I like to note the closing of this deal IMHO is going to put Eritrea in play and Sunridge Gold (SGC-TSX-V) a Grandich Publications client, can greatly benefit. Speaking of gold, it once again for the umpteen time hit resistance at $940. When we finally break through – watch out! grandich.agoracom.com
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