MMC 9.44% 98.5¢ mitre mining corporation limited

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  1. oke
    3,394 Posts.
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    Thought Id start off a charting thread given Cannacords $2.30 target this morning - would be great to see their analysis
    Market cap at close $79m
    $130m infrastructure in place
    Cash $10m approx ( recent CR 45¢)
    High grade silver JORC, assays and MRE update this month, low ASIC
    Solar panels increasing use of silver adding to the macro tailwinds and US tariffs imposed on imported chinese solar panels very recently,,,,and Solar power quickest solution to predicted future power needs of data heavy AI future
    https://hotcopper.com.au/data/attachments/6226/6226702-9565197ec8af2e43fcc9d54a98b34f0d.jpg
    Possible turning point after yesterdays valley low on relative high volume spinning candle 14 days from from the peak ...probable capitulation by frustrated traders .
    Closed above EMA(20)
    Volume and liquidity increasing post CR
    Uptrend in place
    Last edited by oke: 06/06/24
 
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