Thought I'd start and new thread (my first time) regarding current reasons to hold and to buy.
Here are my top price triggers over the short/medium term outlook:
RMS missed guidance
... for the last two quarters and we have been sold off and totally forgotten by the market. Provided this quarter (I/18) will be on guidance that would constitute a 'mini' turnaround. So, if this is correct, we should be seeing new buying from October onwards.
The SP has been moving sideways
... for four months now. In recent history, there have been two similar periods (Feb-Jun '16 and Sep-Dec '16) and both times the SP rocketed up violently. So get ready for a repeat of this technical breakout at the end of a long sideways move around October/November.
The Strategic Alliance
... with Zhaojin Mining was announced on 28 April. It's been four months so far and I would expect something price-sensitive to be announced within six months. So get ready for big news regarding this in the last quarter of 2017.
Please feel free to comment, discuss and add to the list.
Cheers, Parragold
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12337 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
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View Market Depth
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1 | 10000 | 2.040 |
1 | 250 | 2.030 |
3 | 18581 | 2.010 |
4 | 32881 | 2.000 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 13596 | 1 |
2.080 | 14996 | 2 |
2.090 | 13596 | 1 |
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