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Yes we are waiting on Newsflow from JVs with RIO, IGO and FMG...

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pustayo

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30/06/20

17:32

Post #: 45545785
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Originally posted by Xchange: ↑

Sure thing, its pretty stagnant on the daily, just mousing around for the last week or two, I think its just inside, albeit the low side of a long running channel, its tried a couple of times to get itself out to no avail and dropped back in each time... wouldn't surprise me to see it back test 13-14 one last time before a move higher, if it was on high volume I would expect it to be unsuccessful and sit in this channel for longer, if its a quick test on low volume and then moves higher you could see it try and push higher. It doesn't scream buy to me here, would prefer to see it make its mind up either way first, buying the 12-13 test could be a low risk entry, but buying the recovery of that whilst lower profit margin would provide the safer entry and could save you waiting weeks/months for the move to come. Is there specific FA flow that is coming for it?

And the 15M pretty boring

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Yes we are waiting on Newsflow from JVs with RIO, IGO and FMG and also news on the progress of their own Patersons tenement. Waiting on Geomags, drill tagrets, a potential drill campaign. Not likely results as there has not been a drill announcement however stranger things have happened.

Ok well I might stick an order in at 15c in that case and if it hits will be happy. Thanks I appreciate that summary it does help alot.

Last edited by pustayo: 30/06/20
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