Thanks for another insightfull post. GLTA.

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ewartd

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03/05/15

17:00

Post #: 15208042
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Originally posted by tukebay ↑

Here’s a few of my observations re trade in MAT:

MAT’s close at 18 today is a break of the downtrend from June 2014 on a daily and weekly chart.

Today’s volume is the highest in about 5 weeks. And that was the highest volume in about 7 months.

In the past 11 months, volume in MAT has been almost non-existent.

3 out of the 4 previous days with volume exceeding 200K were accompanied by an announcement.

This leads me to make a few conclusions:

An announcement of some sort is imminent.

They are about to start drilling Symons Hill very soon – this has been reported, and interest is building in anticipation.

There is A LOT of skepticism surrounding MAT and Symons Hill and rightly so. A few conductors have already been drilled without any real success. As I see it, this is their best chance yet given the similar characteristics to SIR’s conductors.

There is going to be technical resistance in MAT at so many levels it’s ridiculous – 19, 20, 22, 25, 30, 35, 38 etc.

If MAT gets a sniff at Symons Hill, all those technical levels will be destroyed in the blink of an eye.

The money being thrown, or rather not thrown, at MAT the past several months is negligible. A $1m+ trading day in MAT would mean that it’s game on, and blow the top off the stock.

Guess only time will tell.

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Thanks for another insightfull post. GLTA.
MAT Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $13.76M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	20000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	350000	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.026
6	262137	0.025
4	584000	0.024
3	480000	0.022
1	24000	0.021

Price($)	Vol.	No.
0.028	350000	1
0.029	179100	1
0.030	107699	3
0.031	9874	1
0.032	95000	1

Last trade - 16.12pm 09/07/2024 (20 minute delay)

MAT (ASX) Chart

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Thanks for another insightfull post. GLTA.

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

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Thanks for another insightfull post. GLTA.

Top Stories

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Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

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