Just a repost of my moderated post which has been amended as per HC's advice... sorry Mr/Mrs HC...
A fair few things to point out on the charts at the moment:
- Clearly our sell down fiercer than other Li stocks for the following reasons:
♣
Options conversion which may or may not have been part of the selling (BGS Specific).
♣Short positions on Feb 5th & 6th for 20% & 5% of total volume (BGS Specific).
♣DJIA and LIT ETF corrections in the US.
This has offered those savvy enough with an opportunity to buy at sub 64 cents, which to me was too tempting to resit.
I was fortunate to pick up some more at $0.495 and am now holding more than I've ever held in the past.
- To find the MACD and RSI in a similar oversold position you literally have to go all the way back to Feb-Apr 17 when we permeated uncertainty and instability.
Even PFS week wasn't this bad.
- Volume has been steadily growing over the last 2 weeks and we've had about 4 days now of great volume (clearly reflected in positive % day's we're having). Hopefully we can push through 2.5m shares traded today.
You'll see a similar volume increase starting in early Oct and pushing through to mid Dec which saw the share price jump by 323% over that time.
Hopefully we can replicate this performance over the next 3 months taking us for $0.44 to $1.40??? (Not a call I want to be held to but definitely possible as there is still lots of value which needs to be realised by the market AND which needs to be unlocked by management).
- Lots of catalysts to come:
♣New MD/CEO
♣RC/DD/Auger results due this week I would expect
♣Updated JORC to show what I think will be between 50-60 mt's (late Mar)
♣Reworked PFS to reflect reality (early April)
♣Gold deal to be finalised by Randgold/Mali Gov
♣Potential deals with the Chinese as we have done significant work on our project already and that's what they want to see before they commit (JORCED, Feasibility studies, meta testing, government approvals)
♣Further updated JORC to show what I think will be 90-100 mt's (Jun)
Plotting the above catalysts to come would look something like this:
View attachment 986635
So yeah, plenty of news to flow in the coming weeks and imo this should see us retest old highs at least.
cheers.