Ann: Resumption of Activities at Makuutu Rare Earths Project, page-16

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setfire2thehive

3,940 Posts.

12557

19/06/20

11:00

Post #: 45320598
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Originally posted by setfire2thehive: ↑

40% drop as current after a 150% rise. So it's all quite relative.

The gap that was previous at .6c has now closed and .6c was previously a support/resistance line.

I had mentioned previously in a T/A post that i was 50/50 on it going to 1c and testing or .6c seems it was the latter amid wider market movement.

Technically has now moved to oversold on the daily chart and if correlating with the orange trend line so i'm expecting a bounce. In fact i had some buy order go through myself recently, still yet to sell anything.

A break of .6c would see a test of .4c. Market can do crazy things so important to invest accordingly to ones strategy. Mine is a minimum 12-24 month outlook on where I see the huge re-rate coming. So more so just using the current fluctuations to increase exposure at minimum cost.

I refer back to my own due diligence and remind myself just how potential lies here and so am happy to continue to hold and increase holdings. Not uncommon to sit on breakevens or losses for long periods in the spec game to eventually have the market catch up.

If people prefer quick profits. Look towards the most talked about or biggest movers and trade accordingly. If you're looking for multi-baggers you have to search a little deeper and wait.

*Disclosure as always; will free-carry my holdings at appropriate valuation. Still haven't sold any shares since initial position mid last year.

Expecting a very promising news fronts over the next 6 months.

SF2TH

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as suggested.

good 12 months ahead. lots and lots of news flow.
globally significant asset.

low cost, low capital, high margin project.
data ad info is all there. market will catch up eventually.

SF2TH

IXR Price at posting: 0.9¢ Sentiment: None Disclosure: Held
9 Upvote

4 Great analysis

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