PGM 13.8% 2.5¢ platina resources limited

Update on Skaergaard Mineral Resource Estimate, page-79

  1. 5,779 Posts.
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    Hi Cabe, some further thoughts.

    The daily chart, including action of the first hour today, to me suggests some strength here. Volumes last 3 days are good, ( and todays is only an hour)

    https://hotcopper.com.au/data/attachments/3126/3126491-7e24e82f0d49b86001c0bbe59be4369f.jpg


    A break of 8.2 which was the spike high of 14 September 2020 would be bullish.
    However, it is also relevant to note that the closing high of that same day was 7.4. Yesterday we closed above that = bullish.

    I see a band is from 4 to 8, which makes 12 a target and therefore around the previous most recent spike high.

    All my own conjecture and thoughts. And in all honesty, I suspect fundamentals are actually playing a bigger part in the current moves than any technical analysis. The TS will help to show some sticking points where there may be a larger swathe of shares to get through, but if fundamentals remain strong, I think the SP is going to take care of itself. I will be using my TA to determine when to top up, but I am here for the longer term. PGMs SIZE holding, Scandium at Fifield and Munni Munni are what really interests me.

    Just reread last years worth of announcements. Would like some update of any planned work on platinum beneath scandium at Fifield that also has some copper. Though I think next announcements will be on CHALLA and XANADU Gold.

    The whole scandium processing story also seems to have gone quiet.

    Market cap of $33m! Pfft !




 
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