KAS 0.00% 1.5¢ kasbah resources limited

El CapoI don't understand why you are expecting tin price to...

  1. 294 Posts.
    El Capo
    I don't understand why you are expecting tin price to come dowm. LME stocks are very low so supply shortage will underpin tin price.
    Hartleys have a target price of 62c and a subscription stock picking publication has lifted their target to 75c, both within 6 months.
    'Gaps' in charts are a favourite of mine, but become irrelevant when the underlying stock has a subtantial change in its value; usually by fundamental changes. In this case a 150% resource upgrade.
    Plenty of activity with multiple rigs on site and expect newspapers and investment magazines to pick up on KAS as it's been a sleeper.
    Plenty of upside left on this one. May see a short term pullback due to big rise in recent days as traders take profits, then it's all on for new highs.
    DYOR
 
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