weekend short term trading lounge 21 - 23 sept, page-33

  1. 2,357 Posts.
    lightbulb Created with Sketch. 80
    I'll have my first crack at this:

    FA: IDC
    PFS due out on Monday. Gold mine at Mount Kare, which is very close to the Pogera mine - one of the worlds biggest. Management have run a strategy of getting the locals on side and this has worked. Been mentioned heavily on gold stock media in the past 2 weeks. CEO Steve Prominitz calls the PFS a 'catalyst for a re-rate.'

    TA:
    Im no chartist but it broke out of short term resistance levels of 16.5c and briefly broke out of 1month trend line on heavy volume (10m cf 1m) only to close 3% lower that day.

    Position: Stock held.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.