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huge resistance now at 60c, page-10

  1. 13,963 Posts.
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    Hobbietrader,

    I feel we need more than just an announcement. We need a few consecutive months of good production, and I have a bad feeling for November since it has not yet been released.

    Yes we also need an announcement on at least one of the new projects, but imho it needs to be a pretty material announcement, not just some incremental exploration results expanding a resource a little.

    Then I still feel we will need to accept a few relapses into the high 50s before more than a transient spike to 70+ We really need quite a bit to happen imho to justify 70, even 60 atm imho is a tough stretch based on optimism.

    I am not going to even discount the possibility of a dip into the 40s again. All it would take imho is a savage little correction in the poc, or a bad production report for the Dec Q. Actually I suspect it is more probable that we see a 4 before we see a 7 if we see either in the next 4 months.

    Just my opinion.

    EL
 
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