Morning All,
A few charts to ponder!
Two significant pieces of news are likely to increase momentum here. Firstly the committment to develop the Peculiar Knob DSO project. Secondly an interim report from the Hawke committee with recommendations on how the mining industry and army can co-exist within the Woomera Protected area. Yesterday's volume was very encouraging.
Drilling for coal in Botswana has commenced which explains the increase in interest.
The day the '099 Graham patent is re-issued will be a huge milestone for BLT. I expect interest to increase as we get close to that day. It should be any time from now.
Looking at the chart and increasing volume, people are expecting good news on Monday.
Given the parabolic nature of the chart CHZ is probably due for a pull back however if the excellent drilling results continue the rise will continue.
daytrades oct 22 pre-market, page-9
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