So let's bring the subject back to charts...A month ago, ffxssj...

So let's bring the subject back to charts...
A month ago, ffxssj asked about closing the 0.025 gap. At the time, market wasn't really in the dynamic of reaching such a low target. Fondamentals have changed a bit since, and both this 0.025 gap and the lower one from 0.012-0.015 have been closed yesterday.
IMO, the last realistic possible target of the short sellers has been reached.
What to expect next ? I would go for (again !) some lateralisation for another week or so. Long enough so people realize that a RSI at 21 is definitely an a strong signal for an oversold share, and a good entry point. Medium term target is closing the 0.028 gap and hitting the past high of 0.030 from the early days of June. We should get there in about 2 months from now I reckon. That would mean a 130% increase from current price, in about 44 trading days.

Why such an optimistic view when the market reacted badly ? Well, while a VMS deposit would have been obviously visible on a aeromag map, not all interesting deposits fall into that category. Remember SVD isn't aiming at sulfuric acid production, but gold (+copper), so finding lots of pyrite/pyrrhotite isn't the target either (exept if they're Gold bearing). Gold deposits without these iron sulfides minerals exist ! There are numerous kind of "boxes" to describes deposits based on the mineral assemblage and type of genesis. However, " disseminated " / "stringer-breccia style gold-copper sulphides" ./ IOCG are not excluded from the lastest geophysic results, and only barren drill data could do so.
SVD still has visible anomaly under little cover in a hot exploration province with easy access to a mill 14 km away (Telfer) should Pascale anomaly turn in an open pit. There is no reason for the price to drop further as the area hasn't been sterilized by assays.
Not to forget that the annual meeting of 6th November will likely see the company change name to better reflect their exploration portfolio. One should expect the new PRL "Province Resources Ltd" to get similar media coverage that helped kick the price as seen by Nextsmallcap in the beginning of August. Renaming the company is a good move IMO from David Frances.

Do you share these views ?