Fantastic value last few days.
6c was also the best buying opportunity a few years ago.
BUX has fantastic exposure to copper market in my opinion and the graphite project also robust.
Corporately in a very good position post raise and IGO still interested.
The 6c range has historically provided a very good technical base. The raise and seemingly those retail washing out their shares to perhaps buy via the SPP and get options i think this is the soak point which the MC and EV make sense.
Chart below for a bit of guidance on the T/A aspects. Status update to buy reflection actions today and yesterday. Lets see if this is a good buy point or not. Not sure what the market thinks but i love the value range here.
CR and cashed up now - lots of drilling campaigns across next 6 months. Limited downside from here IMHO.
View attachment 6279938Technical exit point would either be 10c or 12-13c. That's a handy 50% or 100% ROI on a stock with very good long term fundamentals.
weekly stochastics historically a very good indicator of a swing low.
View attachment 6279952***disclosure i am long and have always held a good position - but will buy and free-carry as required.
No idea if the bottom or not, but looks good to me and i'm edging in time will tell if right or wrong.
SF2TH
