Good Post @Samscout
My observation is accumulation is still going on.
Based on the chart below, in the next 45 -60 days the share price should be 8-12c higher than today's price which is 345-360 million market cap for a 215K + established producer with 95-100 Million cash in the bank and no debt.
In the last six months every time the symmetrical triangle has resolved a breakout higher.
Seller come at rising level but buyers overcome sellers in approximately 45-60 days.
Rising support line has been clearly defended and respected most notably so far.
We are now at the cusp of this current triangle resolution. I can't think of any reason why it should break down unless I wake up tomorrow morning to see gold at USD $1200.(Very unlikely)
I am doing nothing with my holdings.
No exit plan so far as I belief higher prices ahead.
All the best Guys.
Ann: June 2018 Quarter Production Update, page-14
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |