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Ann: Paterson Gold-Copper Project Drilling Update, page-11

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  1. 671 Posts.
    lightbulb Created with Sketch. 711
    The bottom I think is in! I base my reasoning below today's chart.
    https://hotcopper.com.au/data/attachments/2626/2626874-e5d07cceeb220479f2ac598af1563c02.jpg
    1) The recent low of 1.9c is right on the 61.8% Fibonacci Retracement.
    2) I think the break below 150 Day MA is false as it leaves a 0.5c Gap which is huge and will be filled in soon. (Fundamentally it is under-valued).
    3) Today's candle stick is a doji which when it appears at the bottom of a downtrend signals a possible reversal.
    4) AQD is a very experienced explorer with a very good exploration geo team, financially backed by S32 and therefore a relatively low risk explorer.
    5) AQD has several exploration tenements both here in Australia & Peru (8,000km2 +) and as oldgold64 said "its only a matter of time before they strike".
    6) Today's low was a bargain. I love a bargain.biggrin.png
 
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