STK 5.06% 7.5¢ strickland metals limited

It's been a bit of tree shake this week, starting Monday. The...

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  1. 971 Posts.
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    It's been a bit of tree shake this week, starting Monday. The only problem for those shaking the tree is that they didn't manage to dislodge much 'fruit'. That is to say, volumes of STK shares traded has been pretty light so far this week - no day with more than 4 million shares traded.

    So I won't be surprised to see a reactionary move to the topside any day now. In any case, the potential for much more downside looks limited from here, to my eyes at least.

    For me, the bottom lines are these:

    • STK's long-term chart remains exceptionally good. Currently, we're getting another test, from above, of the neckline of the confirmed Inverse Head and Shoulders reversal formation
    • STK has two great projects, with minimum 18 months extensive exploration in Serbia and WA, fully funded, with ~$50m in liquid assets.
 
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