Hi guys, hope everyone has been well
few charts and ramblings about fundamentals; please note most of these charts were taken around noon today, so have a look again double check the close and volume, I know some of them did run and some did close bit lower.
ADT: For guys that like trading the trend. This ones back in the trend buy zone.
ERX: This one ended up closing quite higher. Might be safe entry on quiet inside days. High grade gold play in Africa and I think markets waking up. I caught up with director about 2months ago, their T10 have been soaking during that base and they're drilling round the clock.
Warwick Grigor has also tipped ERX as a potential Disallowed at the end of this podcast (http://www.trawlingfortenbaggers.com/) episode 2. I suggest everyone has a listen, and for more mining technicals episode 3 with Adrian Byass, found them both very useful.
I'll also be a guest on the podcast in about a month I think.
SMR: Another trend trader one. Almost at the buy zone.
Also while I speak on SMR the same group that founded SMR are on BCB which I dont have a chart for but holding gains okay. BCB just did back to back raises at premium so worth a watch.
SIS: This is something I've been quietly accumulating (or trying to and failing). I've been a buyer 0.06-0.068 and it began running away from me. I really have no idea who was outbidding me cause there was very little chatter on it. And only Minoil had mentioned it once here. But someone was cleaning any loose shares.
Few reasons I like this;
- Director adding $200K in placement. They already hold >11% of the company
- Good margins, trading 3x revenue when closest peer is trading 12x revenue.
- The broker from PAC that did the placement here was the guy that did the placement for ADN which did over 10bags, so I assume thats why no shares are being unloaded aggressively since clients are holding for another ADN style move. PAC has also had great success on AGH, CAN since IPO. OCC and PMY from placements. Pattos also has done okay with tech placements, 9SP recently and NXS, MEM before that. Placement here was done at 0.05 managed by Pattos and PAC.
Anyways I think its got good potential from an FA side, ofc this is blank statement but I'll throw my research on STT soon, notes are too messy and disorganised as of now. I'm often wrong so everyone should DYOR.
TRY - Gold producer, market waking up. Once again chart was taken around 12-1pm today, I re-checked later it got the volume and the breakout needed lol.
UWL - Just for a longer timeframe watchlist. Its holding gains pretty okay. Still early days and will take more time to soak out supply IMO, but its definitely shaping right so far.
Macro:
NICKEL: Really liking it. If it can consolidate and crack on should do well. Been quietly researching couple sulphide projects and if its gets the breakout above will definitely be a few good movers.
NIC has done well recently.
SILVER: Another commodity shaping up very well. Gold of course I dont have to mention, I'm sure most are well exposed to the sector. As for microcaps I'm not really playing the SRK penny west nearology stuff. But FAU is interesting, CWX I really like but I wont touch until I see them do a Cap Raise and get to see what price and how much. AMD its early days but decent acq. with a strong team and steinpags all over register with a cornerstone in placement, so decent register.
XJO: This is one chart I dont like. Upside is limited, and it got sold off right at top like clockwork with Trumps Tarrifs. Ofc it can bounce and continue grinding up and/or moving sideways but I think this is highly dependent on how DOW goes and great macroeconomic waves.
Microcaps/XEC moves to its own beat, and moneyflow still feels okay.
RARE EARTHS: Should be on the watchlist again, early days but something is cooking over in China. Their exchanges are off 3%+ over last couple days due to trade wars but the Chinese funds are putting major bets on the rare earth producers and its bucking against the exchange sell offs.
I can't see any policy ann. from chinese media but someones placing bets. All three charts look almost identical its scary lol.
LYC is close to breakout. Other than LYC two of Australia's most advanced projects HAS and NTU are owned by Chinese, shows China's strangehold over the sector.
Cheers
(20min delay)