LCL 0.00% 0.7¢ lcl resources limited

metminco�s imminent resource upgrade should, page-10

  1. 2,859 Posts.
    re: metminco�s imminent resource upgrad... Unless they are short term traders, whoever is behind those mill buys is gunna be hurting bad in the months ahead as the sp umms and ahhhs on its way to sub 20c. My personal call is an 18c low. Medium term uptrend clearly broken with the price action this month. This should rally, drop to new lows, rally, drop to new lows, etc

    I don't know how and can't be bothered anyway to upload charts but if someone can with a trendline from the May 2009 low to the Feb 2010 low. The extension currently hits around 17c and in 2-3months time will be around 18c. I expect the price to bounce off this trendline.

    Copper also bouncing off its long term uptrend line but I expect this to break this month or next and lead to a larger correction.

    Just telling it like I see it folks.
 
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