Unfortunately we've dropped down to the lower Darvas Box which puts the next support at 18c. The elephant in the room is the gap at 13c. If Mineralised is correct in his timelines for assays, then I'd expect 18c to be tested and hopefully hold on the lower UT line. The next batch of assays might only provide some short term relief and a bounce back to mid 20's.
Hopefully it gets squeezed in the next few weeks and then respects the lower trend line. If that doesn't hold then bottom of Darvas box at 15c would be next stop (the old 1c from memory?) and then gap close at 13c. Around 18c low is my prediction though with a pop back up but we can never discount any other major news.
NZC Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
