there is absolute support at 4c.
it's been there all year.
charts can only look backwards, and take no account of future developments.
you could chart mak inside and out at the 25c level, back in dec last year, and it would mean nort for what unfolded thereafter.
FSE has made a company making aquasition, and will re-rate as due dilligence unfolds.
It's not like it is business as usual, where its the same ho hum. A re-rating unfolding in a market experiencing a bearish correction, only those in hot sectors will flourish.
And CDS, FSE are the right game.
Do your selves a favour and type in RIV and have a look at a mature peer in this sector. And BTW has fallen from 11.80 to 9.00, is it sick?
Thats what these evolving juniors have to look forward to, and would bias any chart long term forcast on the upwards trends IMO.
So comments like "looking sick" just illustrate the posters unscroupulous intention, or naievity in the coal sector.
There is nothing sick about 4c, in this climate.
What do we expect when the general market is being sold off? Hand stands.
Toughen up.
chart fails, page-4
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