Originally posted by Roostar
Since the initial meteoric rise back in April, the SP has rallied, then broken down 5 times, with the SP continuing to loose ground on that first massive candle.
I hate to say it, but without serious news on the pegs, I fear this SP will move all the way down to recheck 1c again before it makes a serious move back up to test 3.5c.
However with such a small share register, if drilling reveals spodumene bearing pegs continuing deep into the ground then anywhere between here and a possible re test of 1c is still IMO excellent buying.
The real party should start early next year when drilling begins.
Now is just an excellent time to accumulate....IMO clear.png
Originally posted by Roostar
Since the initial meteoric rise back in April, the SP has rallied, then broken down 5 times, with the SP continuing to loose ground on that first massive candle.
I hate to say it, but without serious news on the pegs, I fear this SP will move all the way down to recheck 1c again before it makes a serious move back up to test 3.5c.
However with such a small share register, if drilling reveals spodumene bearing pegs continuing deep into the ground then anywhere between here and a possible re test of 1c is still IMO excellent buying.
The real party should start early next year when drilling begins.
Now is just an excellent time to accumulate....IMO clear.png
Originally posted by Roostar
Since the initial meteoric rise back in April, the SP has rallied, then broken down 5 times, with the SP continuing to loose ground on that first massive candle.
I hate to say it, but without serious news on the pegs, I fear this SP will move all the way down to recheck 1c again before it makes a serious move back up to test 3.5c.
However with such a small share register, if drilling reveals spodumene bearing pegs continuing deep into the ground then anywhere between here and a possible re test of 1c is still IMO excellent buying.
The real party should start early next year when drilling begins.
Now is just an excellent time to accumulate....IMO clear.png
I agree perfect time to accumulate from 1.4c, see this testing 2c now. Once thats broken should be straight line to 5c.
(20min delay)