AW1 0.00% 13.0¢ american west metals limited

AW1 Technical Analysis, page-2233

  1. 2,948 Posts.
    lightbulb Created with Sketch. 46
    FA is, if Im not mistaken:

    Copper Warrior
    • Assay due 4-6 weeks, between 22 November and 6 December.

    Storm Copper
    • Additional assays due in coming weeks, expected between 21 - 28 November.
    • Significant recent fall in SP was due to poor results at depth

    West Desert
    • N/A at the moment, just background work

    Cash
    7m in the bank, but based on drilling spend in previous quarter there is only 1 quarter of funding available with drilling continuing. Company says they don't plan on needing additional funding during the quarter as expenditure will be lower, but that doesn't make sense if Warrior drilling is starting and Storm will continue. Perhaps Storm will only be planning work this quarter for 2024 exploration program. Something to look out for.

    My thoughts: SP should hit next resistence points over next 2 weeks due to TA and leading up to results expected, however if significant demand/fomo kicks in we may get gap test. If results are good, that gap at 24 should be tested. Happy to be corrected on anything.
 
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