Cambrian Mining plc - A Quality Play on Coal & Gold

OK let's have another look at the chart above to see if we can come up with a higher figure than 75p for yus, cos I know it's xmas and all that

Back in Dec 2004 CBM dropped to 161p, it rallied and then slumped to 113p in june 6months later.

A fall of 48p or 29.8% from one low to the following low 6 months later


Being a believer in cyclical chart movements also , the latest fall now in DEC comes as no suprise as I predicted it a month or two back, and it is 6 months after the june 2005 low.

This low was 113p so a further fall to 29.8% of this , or 33.7p is a possibility chartwise

This would equate to a drop to 113p - 33.7p = 79.8p

So there you go 80p is that any better ?

B