Some random thoughts all imoSince the move from the 2's...

Some random thoughts all imo

Since the move from the 2's price has been consolidating on lower volume. Bollinger bands how now tightened significantly also indicating an aggressive move of some sorts may be close. There is also a potential cup and handle formation which can best be seen on the weekly.

Yesterday we saw volume increase and test the breakout point of the handle which is coinciding with early signs of a gold breakout overnight.

Fundamentally we have Mr Albers buying 52k worth on market (av. 3.5c) with directors controlling 45% of the float and not keen an adverse dilution. Rock chip assays are due as is the start of the AC drilling program. PKO are into their second field season targeting some known high grades plus some newer targets. They also have Dr Darryl Clark leading the exploration drive who has a wealth of experience and managed to secure the Kharmagtai project while working for XAM.

In terms the CR debate I like to do the maths and there is a good chance based on the balance of probability imo any future raise could be at higher prices. A $7m MC is still too small to raise a decent amount to fund any future exploration. They have $825k which should be enough for the AC program about to commence which combined with a possible move in the gold price could create some good interest here.

GL to all holders.