ACS 0.00% 0.6¢ accent resources nl

Guess it pays to employ a stop loss. Don't fret folks, ann. is...

  1. 14 Posts.
    Guess it pays to employ a stop loss.
    Don't fret folks, ann. is on the horizon. I would imagine there is still more shares to be accounted for with the major players bying. Unfortunately the private trader is a small fish in this company's eyes and will be last to no.
    Once all shares are accounted for, we should see further movement. From my calculations the JORC result should be approximately 400mt. With a comparatively low OPEX (operating expendature) @$17, and a mass recovery greater than 40%, there's nothing to worry about.
    The only risks I can see is time, however Friday's movement suggests there will be further support around the 0.15 mark.
    I believe the best result is a contract sale to MGX, over $1/share would make the christmas turkey taste divine.
 
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