ESS 0.00% 50.0¢ essential metals limited

Chart Info, page-306

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    Checking 5 year daily Bollinger bands again away from the noise we saw some stability in our price as we watched global and Oz share market corrections severely affected over the past week or so. It was a reasonable effort as our core price seemed fairly constant around .017c cents as the silent majority decide to hang on with the information they hold. There were heavy falls in February for all which were worrying then but the market recovered from it as a correction. It has happened again and it is hoped it will be considered a blip again after a couple of weeks. It seems to me to be the case and always worrying to many when it happens with profit taking and adjustments occurring with other companies even though our own price solidified with our low core price around 1.7c through it all. Of course our price is at its lows and it is not hard to see why one review company has a fair value price figure of 2.8c as it adjusts daily.
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    By looking at the 5 yearly daily Bollinger bands chart we can see when upturns happen and also why to a fair degree.


    - 15th March 2016 High Grade Lithium Project Joint Venture Strategic Alliance with International Lithium Corporation # 4/4/16 .
    012c to 16/5/16 .071c Approx * 6 times increase.
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    - 6 October 2017, Pioneer Resources Limited (“Pioneer” or the “Company” (ASX: PIO)) is pleased to update the market with a summary of findings at its 100%-held Kangan
    Project (E45/4948, E47/3318-1 and E47/3321-1) located in the western Pilbara region.​
    2nd October 2017 to 14/11/17. #.014c to .046c. *3 times + increase.

    Also outside parties interested in the location of the pollucite caesium zone was also stimulating price movement.



    This latest photo researched by Cosmoman appears to have been taken 2 days prior to Mineral Resource report estimate report 8/11/18 and it seems the actual mining would have commenced in the weeks around around beginning of September as we were advised mining had commenced on 13th September report. So on this basis we seen to have mined down a number of layers or bench rings in 8 weeks. We must remember there will be shortly 2 shifts running day and night to multiply results so it appears we are on target as revised in the caesium update report November 8. “ Mining and crushing activities are expected to be completed by February 2019 with the direct shipping of pollucite expected to start in February 2019 and finish by May 2019.” Our stockpiled potassium feldspar is well under way as discussions are advanced with potential customers.

    We are a junior mining company with monies already advanced with a 2 year interest free loan to boot with locked in contract for the purchase of all our caesium in place with value add on products we reasonably hope will further add to cash results as we move along. We also have multiple projects in the waiting.


    With further exploration and mining for more caesium pollucite is on the radar with market sensitivity issues made aware of in terms of the fact that oversupply can reduce prices with a rare and valuable product if not handled correctly so reporting will be subtle in my view..

    Anyway, the SP awaits announcements and progress reports as we advance our targets and it is not hard to see that there is much reporting that will surround the final countdown sd we near the first finalities. The longer term chart shows that holders holding want a much higher price and not much interested in the peanuts offered. Would rather wait for momentum and volume moves.

    Not offered as financial advice' DYOR
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    Last edited by Chey-9: 19/11/18
 
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