KTA 3.70% 1.4¢ krakatoa resources limited

Ann: Shallow Gold Targets Outlined - Britannia Mine,Turon Project, page-22

  1. 10,299 Posts.
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    Mate, I've got the exact same chart printed out in front of me, but it is 6 mth and has the Bollinger Bands Width indicator below it. The constriction at 19/5 was a 6 mth low - the later constriction at 17/6 is a new 6 mth low.

    6 mth lows on the BBW suggest a change of direction (either way) of the black line Moving Average.

    This should go up on recent news - but <1 mill cash will not last going forward if there is a new covid cliff - and a hell of a lot of small cappers are raising successfully right now - so a CR within weeks is almost a certainty IMO.

    That will move the MA down for a short while. I am thinking the 1 mill buys at 3c are a block with that CR in mind. Maybe a placement @ 2.8c

    My order is in the market, I don't care too much if I am roughed up by the CR - I want in for the drilling which will come later.

 
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