weekend short term trading lounge 21 - 23 sept, page-57

Hi Freehold ST thread seems to be gaining an ever increasing following in no small part due to your huge input-great work/many TUs.

One to include into this weeks picks.

GMX A nickel play in PNG

Announcement on thur had some great rock chip sample results including 0.4m @ 18.5% Ni in a rock chip grab sample,0.25m @ 10% Ni,1m @ 5.74% Ni and 1m @ 4.26% Ni in continuos rock chip samples.

Company has a great cash position of 5 million with a relatively small share register of approx 110 million shares.This gives us at current price of 6.2cps a tiny EV of 2 million.A word of caution though there has been a seller at current levels but with fridays large volume day it must be almost finished.

I know only rock chip samples but these minnow spec exploration companys have to start some where.The current markets appetite for the spec sector could see this stock run higher with trenching results to be released in the near term.

On he TA side nothing really to report other than it is only trading around 10% above its low on the chart so plenty of upside if things go to plan.

DISC position held.