Ann: Malmsbury JV Completes with Novo, page-21

Finally in today after watching for around 12 months. I think you guys have been covering the fundamental aspects better than i'll be able to chime in with.

here's some charts which explain the timing of entry.

Clear break of the downtrend and new base put in. Recently breaking the 12.5c and short term re-test from that consolidation zone.

Stochastics have broken their trend today also.

RSI positive and not overdone.

Daily MACD bullish


Might as well repeat myself here but weekly MACD just bullish.
stochastics bullish
RSI bullish.



last but not least the monthly. Signalling a major change and bounce from long term trend.



Cash in hand 8M
1M raised at 13.5c (buying cheaper than placement)

As for the projects; what's not to like
White Dam - cashflow positive in gold and copper the 2 hot metals for the next year IMO
Yandan gold - 852k Oz Au JORC - RC drilling and Diamond Drilling in progress.
Malmsbury Gold - JV just iced. Stage 2 exploration going underway noting historical bonanza grades here.
Twin Hills - Another 600k oz au and 1m oz silver at economical grades.

Absolute lock for me; not a trade in the slightest. Couple of super experienced posters here in Binwood and Mineralised as well so expecting to take a much further interest in the fundamental myself.

All things considered there a huge project base, almost too much to focus on. For 40M odd EV I got my orders done in the last week.

Looking forward to the next year or so here, undoubtedly could be a mid tier gold company with several very economical projects already under the wings and some cashflow positive action to boot. Very low EV/Resource to. Thumbsuck usually 1m oz is worth 100M. Obviously this is a massive generalisation as it doesn't underpin economics and grades therein but they've got a lot of resources a lot of projects at various stages of development so should be the typical hype up and taper off.

Will throw more things down over the coming weeks.
*sentiment is buy reflecting actions today.

SF2TH