Slow down wolf-man...all very positive stuff atm...Friday's close was first time since 26/10 that we had a closing sp above 10c (on the back of 4month high vol).....was always going to be a slight retrace today from 11c - as old resistance becomes new support (10c).....
My 'guess' as to why we don't have the news we are expecting as of yet - is to do with Chinese legalities/bureaucracy etc.....all contracts executed under Chinese jurisdiction must be done in Mandarin...this requires alot of 'pass the parcel' with lawyers etc.....
I understand it's all 'action stations' albeit for a few contractural issues etc.....further vol spikes in the coming days or 1-4 weeks will be the clue as to how far off management is to announcing the company-making news we all are eagerly awaiting....
Sp to test previous high (17c) shortly imo.....blue sky upside massive....(BTW - it ain't a ramp if I believe it to be true....and I really believe....)
- Forums
- ASX - By Stock
- STL
- highest volume since august
highest volume since august, page-5
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online