From a purely technical point of view, it seems to me that the...

From a purely technical point of view, it seems to me that the market wants to make a first decision in the next few days, i.e. by the end of March. This could be a breakout towards 12 cents. That would then also be the next resistance zone, which we would have to overcome in the next 4 weeks in order to be able to go in the direction of 16 to 20 cents after a break of 15 cents.

So I wonder whether positive news from the drilling on the Trafalgar Trend (JV) could be the trigger for the move above 11 or 12 cents. These results could come before the end of March. If I understand correctly, the team at Ajax has continued to drill and is now waiting for the results.

The drilling of the conductor, however, does not start until the beginning of April. Timing-wise, this could coincide with an upward breakout towards the end of April.




So there is still a little time to accumulate. Others investors seem to see it that way too and are therefore not willing to pay 11 or more cents yet. Nevertheless, I have the feeling that we will see 11 on the buy side at the end of this week....and yes, my sentiment is still on buy.

DYOR