GOA 0.00% 0.2¢ gold anomaly limited

half yearlys, page-15

  1. 1,778 Posts.
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    The fact is that the stock is hard to trade from a proper technical perspective, at least if you are a trend trader.
    It seems to have settled in the current trading range of 1.7 to 1.9 cents, with very little opportunity to trade in and out as it behaves in such an illiquid manner.

    Anyone (myself included) that is sitting in the stock is probably in it on fundamental grounds and not for technical reasons. Not to say that there are not technical indicators that can be considered; however, if you were using technicals you would be crazy to be involved as the thing just doesn’t want to behave itself (according to my assessment).

    It really is a case of being a true believer in Crater Mountain and McNab and having a firm view that these things will deliver long term shareholder value.

 
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Currently unlisted public company.

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