Very new to STT so forgive stupid questions/comments.
I agree AXT looks good for a bounce - I'm no expert chartist by any stretch of the imagination (and would greatly appreciate different views!) but from the limited indications I can discern an upswing is in the making based on the recent 52 week low, the bollinger bands, the MACD etc.
The question in my mind is just how far the bounce is likely to go presuming positive news? The recent ann stated:
"Winjabbie East Prospect is viewed by Xstrata Copper and Argo as being prospective for medium- to high-grade mineralisation of reasonable tonnage (either as skarn or potentially a related IOCG body), situated within a larger body of strong alteration and low-grade mineralisation."
I would appreciate thoughts on what people think AXT is likely to be sitting on - Xstrata's involvement is ostensibly positive? Very new to IOCG exploration so thanks in advance.
