Here comes the boom......., page-55

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Heeman

5,243 Posts.

628

07/03/16

21:45

Post #: 17211165
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Originally posted by Lucror ↑

Yep, nice call @Valin and as you say still at first base. Wouldn't be surprised however if the window of opportunity to buy sub four cents soon closes. Not only do we have the fundamentals shaping up with pending news flow but also the technical's imo (some people disregard technical's but they are nice to have in your favour).

I have attached a chart below with the commonly used 7 day SMA (purple) representing shorter term trend or emotion of the market and the 21 day SMA (pink) representing the longer term trend or the emotion of the market. Advocates of multiple moving averages believe that when the slow and fast moving averages cross, there is a much higher probability of a trend change occurring. As you can see we have the crossing of the two averages and we have also closed above the 50 day SMA (orange) as well. Also of note the volume (although not at all time highs) has begun to pick up also. Interest returning?

View attachment 152818
The above is all well and good and adds to the bullishness of the short term outlook however as you mentioned in your post, long term success will hinge on hitting deadlines and hitting forecasts. They do that and many bags are on offer as you state We await!

*Link of interest
-----> CDG Technical Analysis
* Worth a re-read of whats anticipated to be mined starting Q2
-----> Mining Plans for Lavra Project

GLTAH

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What's interesting also is that many gold explorers now have had 100% runs and here is poor old unloved CDG with a mine with a plant and gets no love.
Opportunity knocks

CDG Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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