The weekly (looking at the bigger picture folks) is showing recent higher lows after a pullback. 9c is a critical price. A close above this price indicates there is little resistance until 20c. Last time we were at 9c it pulled back sharply. I know as I got burnt!
What's different this time?
Well for one management have done everything they said they would do on time and its all well documented. I watched a video again from January and the CEO said funding would be sorted out in May/June for construction to start in the summer. This appears to be about to happen with new binding agreements released to a muted market today. I'm predicting at least a 100% gain on the stock (from this mornings 7.5c) should it break 9c convincingly. 16-20c is my target range in the next two/three months. I have not come across a management team in my research that are as thorough as this group. It was like someone flicked a switch in afternoon trading today after folk digested the money this company is going to make. All metrics look compelling to me. DYOR.
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