Hey Doc, I disagree with your statement. I don't believe...

Hey Doc,

I disagree with your statement. I don't believe technical analysis is suitable only for short term trading. IMO Technical analysis should be used in concert with fundamental analysis but should be analysed in accordance with ones own risk profile. Technicals can be used in long term as well as short term investment strategies.

My summation of how younotme traded was purely from a short term perspective. Like younotme, I also saw that trading over the last seven days or so had changed to where sellers were in control. Buyer volume dropped and previous buyers were holding at 0.16/0.17. Latest news could not get sp over 2cps and dropped back.

However, this short term sp drop changes nothing for long term prospects based on bsm management disclosure. If anything, it's an opportunity to buy back in at a low value. 2nd timeframe in an uptrend still with next support at 0.13.

No brainers for being an undervalued stock;

market cap is $17mil (@0.14)
$4mil in the bank
A supposed $16mil resource with potential to expand resource grade and tonnage
Unrealised tax asset of $19mil which could be used to offset future profits
Potential to earn $1k gross profit per tonne jump flake graphite
Potential to expand output to 12k tonne pa inshort term.

I won't comment on management yet till I see how this plays out.