Firstly didn't have time to post earlier I've been upto my neck occupied but @Dazedandconfused never managed to give the congrats for the epic tip off on ALK. What a beast move and beast tip.
Chart Updates; Failed - RED. Reversed the day after I posted this and got sold off aggressively. Fought too hard against the weaker gold price.
Failed Z1P. It did move up higher, but I'm looking for a sustained move, not a two day pop and dump. This got sold off and showed no professional support post breakout after two days of popping up.
Incredible strength within healthcare and biotechs. ANP, 1AD, PAA, OVN, AVH, PNV, ALC, PCK, TLX, PTX all making moves. I mean PCK made FY $135K revenue, and trades 300x market cap at over $300M MC. Sounds mind boggling, but strong market what may seem "expensive" can always get far more "expensive". Best not fight the market.
PCK Update: Successful move
ALC Update: Successful move
New setups: AVH: Successful move and has put in a mega push today I think pullbacks should get swallowed up. I added more to the existing position at 53.5.
TLX: Another one that is set for pullback here, should be on watch for lower vol. PB that should get eaten up. Chart from yesterday, but had another strong push today
KSS: Has pullbacked yesterday and today on lighter volume, now needs to be supported and pushed.
UWL: I think I can finally say, it looks ready. Waited ages for this setup and base to play out. Will be fuming if it doesn't rally after all this lol.
DCN: Higher risk, I kind of learnt my lesson from the final swing on RED and realised producers are tightly hinged onto gold spot price. Chart from yesterday but got the pop today.
----------- Fundamental holdings
MEI: Only change that has been made. Came out with ridiculous grades and hits today, I was super excited in the morning and tbh shocked at 20.6m @ 94.6g/t. But after closer inspection I realised they've drilled right underneath a historic hit MR-10/2015 (Yellow Circle), this entire vein (Orange Box) already is part of existing JORC, so I dont think this hit will add any new mega tonnes, perhaps increase the grade of the existing deposit. It would've been much better if this was a new vein towards the left or right and would justifying me holding and not taking more profit on a $79M MC early stage gold explorer. For that reason I sold some more today. Now hold a very small amount as they have assays pending for JUDD008 which is more of a step-out. Has been a spectacular move to date, surprisingly the highest % win I've landed this year so far lol. Kind of disappointed at the same time as I would like a ten bagger this year in a market this good but I don't think it will happen.
Other fundamentals progressing along nicely. MSE whoevers selling is absolutely shocking, the disparity makes no sense, its diluted project value is $12.4M while ADN is at $164M project value. I guess its early days and the re-rate should come after EGM and the vendors get their friends set, so I will have to be patient.
MRQ is something I'm quite interested in, did a bag for me previously (by luck as I bought it as a cobalt shell into the vend) and ran into governance issues. Looks like its governance issues have been sorted and project can move forward now however worth waiting until the noise dies off as quite a few pip traders on it.
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