Look at MACD turning the Cnr (lagging indicator), with RSI still below 50 and plenty of room to run. T/o price suppression as an excuse for shorting is now out of the way.
Next obstacles will be first shipment and payment from Lionergy. How much? By When?
The tea leaves suggest we could have a crack at 40c by the end of the month. Good news on offtake volume and terms would put aside concerns about cash flow - will that be enough to push us past 40c? Or will we need clarity from JRO as well?
The sell side looks anaemic below 35... AJM management steadily ticking off the concerns as we ramp up production. Predictions by the Stig and El Jefe looking tenuous...I'm hoping for an early Christmas present... if you know what I mean.
AJM Chart, page-4299
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
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