A month or two of trading in the 60s will create some solid support in a shaky market. I was hoping this period of consolidation would occur and posted on it earlier. Volume is the key IMO and although the last 11 trading days have all been under 500k, it looks different this time around in that our SP hasn't fallen like a stone which is very encouraging.
The pullback from our April 12th high of 72cps was expected but it hasn't broken support lines. I believe our little speccie stock is starting to mature and recent analyst coverage supports this theory. We've been in 4 broker reports since February this year!
In a few months time we should have some information about our JSE listing and possibly some Tassie drilling action. Hang in there guys until next Feb/Mar/Apr and rewards will be a-plenty!
...all in my bias opinion of course!
a new res is born, page-21
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