Yak52 that is a very fair point and I totally agree, but with signs pointing to a slight profit taking period on gold I think the price will retrace, which in turn will trigger a slight retrace on the juniors (especially those who aren't even producing yet). I am very bullish on gold for the next 12-18 months, which gives SPX a fantastic period to grow especially with its 12-month aggressive exploration strategy and one of Australias highest grade OP's.
All I am saying is I expect there to be a small sell off on Monday and I will take a position then. When a stock goes up 30% in one day you kind of have to expect a slight retrace in the following days, even if it is $0.05 this is still a nicer entry point than $10.5. I agree though, I see SPX going to $0.15 in the near future. And who knows after that but if they get a resource out then a TO could be on the cards.
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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14 | 7461861 | 0.009 |
12 | 3311113 | 0.008 |
14 | 12854654 | 0.007 |
9 | 6985000 | 0.006 |
9 | 10650001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
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0.011 | 2298976 | 9 |
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