Looking at the chart and indicators I would say you could be right about that SB2000. It does have the tendency to pull back and go for another run. However, taking note of the Moving Averages as they are looking good for the stock and is currently trading above its average.
I think it will depend on current market conditions and the thought for people to shake off the old reputation with SKR and give it the benefit of the doubt. While it is not the greatest stock (and I could think of worse) it is confronted with a great opportunity to be a great miner if it plays it cards right!.
They have the skill, contacts and knowledge to pull this thru and as long as they don't become to complaced with completing the deal then we would expect share price to get above the 6.5c resistance.
Anyway, just thinking out loud with this stock..
SKR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
