The Bull
Steven Hing, Novus Capital
BUY RECOMMENDATIONS
Hunnu Coal (HUN)
Hunnu is currently developing coal prospects in Mongolia and recently raised $40 million to undertake an aggressive drilling program in order to confirm JORC (Joint Ore Reserves Committee) resources of 100 million tonnes of coking coal. The stock rose above $1 after the capital raising, suggesting the company has a lot to offer. The all time high has been $1.15, so the price movement is strong and suggests it will at least retest this level in the short term.
This was all the incentive I needed to buy in at this level.I have been watching this stock for too long waiting for a decent retrace..but alas..it is an almighty strong share.(just like Attila..lol)
Anyway, the shares recommended in The Bull almost always receive a share price lift within 2 days...we will see if it is true this time..
I am eagerly awaiting the JORC and offtake agreement announcements expected in December.
IMHO I think NOW is the time to be in this share.
Any CR will prob come after the JORC and Offtake are announced.
Long term there is a mountain of upside and growth story to come..so a good place to sit my cash.
Onwards and upwards
Gisy
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