I dont know about some of that. But tTo say something is going up so therefore it will go up more. Is much like tossing a coin and saying it was heads last time and so therefore it will be heads again. I dont really see anything technical about that.
EPM has no idea whats in the ground. Thats why they drill. Success/Finding= Up. Failure=Down. It doesnt get much easier and the trend wont influence the findings. However if you have the expertise to understand likelihoods and ensure overlooked aspects are safe and wont hit your share price later. Like EPMs sea wall protecting the primary resource. That hasnt even been seen for 30 years. Yet theres a market gamble its all ok still to hold back the sea. Id tend to ask a few questions first to ensure I wont be suprised with the outcome. Same with the years it takes to process EIAs. Market may not know that. I do. So I wont be holding as the delays go on and on for years and perhaps creates a "trend" Then if they do eventually get an approval. Out the window goes the trend again and up she goes. See how these trends work for me now? In the end EPM has a long way to go.from still trying to find something for a very long time now. .
EPM Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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