chart and profit opportunity $$$

Both Gizard and Sandybeaches mentioned this one a week ago and I agree with them that IDM looks interesting. See the IDM thread for further info.

The weekly 1 year chart says it all. Has bottomed out nicely and starting and move upwards. Recently had a price spike from .055 to .093. Has slightly retraced since the surge but by less than the 38.2% fib retrace.

News is anticipated for funds to be secured for the financing of it's processing plant. Directors buying in the last couple of months together with price rising. Quarterly due in 4 weeks. Funding announcement widely anticipated. Reports from company that the funding arrangements are in the advanced stages.

IMO this stock will not stay under the 10cents mark for long. When it moves, it moves strongly and quickly. The only problem is that it is tightly held, with not much on offer.

Profit in IDM will come when their funding announcement is made. Price could easily double from current levels?? So it is not a buy to hold for a couple of days, rather a buy to hold for a month (4 weeks) or so. This may qualify as short term for some of you.

Please DYOR. Disclosure - I hold.