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Short Term Trading Week Staring - 3 July, page-195

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the_contrarian

4,549 Posts.

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05/07/17

14:32

Post #: 25680561
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Originally posted by ajm65 ↑

Could be time for a tip. Keen to hear what you find out FMF.

Sector: cobalt, with gold exposure
Nearology: Ophara cobalt-gold project is sandwiched between COB Thackaringa and HAV Mutooroo
Other interests: 40% of Horse Well gold project in JV with DRM
Newsflow: Ophara EM surveys (June/overdue), complete RAB drilling (July), complete RC drilling (Aug)

Sectors and projects look good but downside is low cash position. They had $1m at end of March and have probably used half of that in June quarter. I'd say a CR is coming.

Last placement in late 2016 for $1.25m at 0.5c was followed by tip sheet pumping and mark up to 1.6c at end of Feb 2016 so I suspect that placement did not go to sticky hands. There were 4.3m shares issued for provision of online marketing services.

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Anyone know what the deal is with Havilah Resources (HAV)? Just looking at it from a TA perspective, price is sitting well below 50, 100 and 200MA with a few gaps above. Also closed a few gaps on the way down too.

Has the SP been smashed just because of the I/O price and low Fe grades? Anyone holding?
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