Keep thinking about your intereted questions , also are mine too. These are my thoughts and imo :
- Investors who watching from side line decided to take their positions before this Giant moving.
The bought parcels 10mil/s to 20mil/s ,maybe more than that, telling me they did prepare and get ready to jump on board.
Reasons to Buy :
1/FA :
-MLS got few interesting Projects with Cobalt , Zinc , Lithium... Graphite all high grade. Zinc , Cobalt price rise again this Company will become hot spot.
-Lac Rainy high grade World class Project with over 3.2km strike in Length , 45m in Width, 198m in Depth many mass high%Cg intersected and still open all directions.
Results of the rest 9/17 holes coming soon. I strongly believe must be good results as or better than the previous.
No need to mention about the world's demand in future.
-Gold potential.
Rememberd the hot time of WA. conglomerate Gold, many Gold stocks shooting up , ARV - KAI - ITP ...hit their peaks I did post my thoughts " gold in our backyard why don't we try working on it to pick up instead of overseas.." . Another poster , Greenbull , hope my memory is right, also did mention in his post , no reaction from MLS.
I did make money on another Gold stocks, not "MLS Gold " .
Now Gold in the area hot again.
Gold discoveries always big Game changer.
-Manindi Lithium might get jv or takeover
-Cr : not all cr are negative.
Sitting on and want to pickup big money I don't mind to spend some little money.
2/TA:
-MAC positive.
-Sp trading at 0.2 is above MA9 , MA20 , MA50 and MA100 indicated that Short + Medium Strong Buy.
MA 200 value at 0.27 , need to check again today, if sp cross above MA 200 indicates long term buy.
-Tech.Ana. :
Monthly Neutral. Weekly Buy . Daily Strong Buy.
On the chart seen 0.25 hit again , want to break out chart. If sp hit 0.3 it might break out to go higher.
If so should see 0.6 - 0.8 by end of year then over 1 to 1.7 . Look like the past history is repeating here.
