Cryptonomicon,
Your chart “just watch out for the 200 Day MA at 0.056� is very good work.
Yesterday low 8.5, today low 8.4c …. Slowly falling to 8c. After 8c, panic selling will occur. So, 5.6/5.8c will be the next level.
Me – Look at daily candle chart, I think IF sp can’t hold at 8c, the next 3 levels will be 5.8, 4.8 and 4c(in Jan?). I guess 4c by looking at line chart that will form a full and large inverted parabola. It means at 4c, the line chart hits the top 4c in July and the low 4c in Oct(I may be wrong). However, gold, copper, zinc are all low grade. If Mt C is a best project then JK has already and quickly told market of their best drilling results, no need for a BFS of gold project and certainly, Chinese NOT just politely smiled and went home quickly without leaving a certain hope. Another Q is if Mt C is a best project then why sp keeps falling? Why Chinese/Chinese Malaysians - friends of JK- in Sydney don’t buy more and more? (Chinese is always very quick in making profit). That’s why I look at 4c level or may be back to 2c, or 1.4c again(???)
I keep sitting on my hands until Mt C is clearer.
Good luck and best wishes to all
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