1c party, page-433

@pakkham

Of course there are sellers at 0.007, just look at the share price back in April, it was 0.001-0.002, many people are happy with that profit margin and so they are distributing shares to those who want to take a longer position.
I wont go over the good points about this stock, nor the announcements pending, or the fact that a pre-existing plant situates the company well for production, because all of this has already been covered. There is considerable support at 0.005 and 0.006 and I suggest you take a look at just how many units are traded at 0.007 (with many centrepoint trades as well at 0.0065) this week so far, and this is without any announcements.

I think that some flat trading leading up to the announcements makes sense, people are wanting profits yesterday, and patience is the most difficult thing about investing, so most people miss out on the large gains because they pull out and put their money elsewhere (i.e. where the hype is).

Lets also not forget that people also follow the commodity trends and over the same timescale, Gold has been retracing



and for context




So if over a longer period of time, we see a steady support for these gold prices (or a continuation of the uptrend), and announcements relating to drilling results and plant upgrades, I would expect a great deal of momentum to come from this. I along with many of you have been choosing to top up before these things happen, so my sentiment remains at BUY, because I am taking a long position and placing this in the bottom drawer (or if we are all tired of that phrase, we can let this stock age in 'the cellar'. We also have to acknowledge the September is often bearish, and pre-election uncertainty is a factor for the market, so there are macro factors that have little to do with future company value/success.
IMO DYOR