GDay all,Trade with extreme caution todayAEM. Another company...

GDay all,
Trade with extreme caution today
AEM. Another company changing direction play, so expect an ATI/TPL/PEV run soon with recent volumes also suggesting possible news coming. Acquired Thailand coal project with JORC resource estimate & FS already done, mining approval is soon to be granted (these 3 news are what im expecting in ST before the company considers share consolidation). MC=4.8ml, cash of almost 3ml (with 1.5 newly raised), placement shares issued at 1.2 cents, so not much downside at all from current level. Domestic customers already lined up for the contract coal supply, right on doorstep to China too (based in ChangMai). Would be good if there could be any exploration upside potential or additional mining projects to be considered, which im also expecting to be in coming news.

CEO. Another acquisition play similar to RTL. Difference is RTL is said to have a project already & is highly likely soon to be announced before GM next Fri, whereas CEO scrapped the previous IO project (SP subsequently punished) & the recent volumes seem to suggest that they may have found another suitable project target? With 3ml MC & 1ml cash, it has very limited downside.

GBP. On another expected red day, buying stock at support or just sitting on support trendline is more sensible. Expect 19c to act as strong support again & 18.5c may get hit occasionally.

RAU. Gold drilling in NT, Bolivia. Latest results from Bolivia gold exploration should be just around the corner (still need volumes confirmation though)? The tri-star formation I mentioned on RAUs charts still extends, suggesting current 2.9/3c is absolutely rock solid support, nobody is willing to sell below that level, so very limited downside (If this level still holds today, it will be telling IMO). If tri-star happens at the end of an extended trend (downtrend in RAUs case), it signals a reversal could be just around the corner. Pending Volume confirmation.

ROG. 100% interest in Surat Basin permits (potential gas-in-place of 8 TCF!), spudding late this month. Majors (BG, Origin & Arrow) drilling nearby. JV with CTP already made coal discovery in NT, which can be commercialized as CSG or utilize UCG/UCTL technology. The price has been under sustained selling pressure after issuing shares to the original permit holders for transferring interest & its currently just sitting above the last placement price of 3.6c. With spudding on such massive impact wells just around the corner, I can see the current price level a very cheap price to enter.

RTL. Word is a project is on the cards & news is just around the corner. We are now only 4 trading days away from the GM on 29th, and it would seem to make sense that price is pumped up to some degree prior to GM to make sure everyone is happy & it goes through smoothly & brokers can then get their shares voted for. So Im expecting a considerable effort of pumping early next week the latest. After yesterdays selloff to 1.6c (61.8% retrace from low of 0.6 to high of 3.2 is at 1.5/1.6c, 1.5c is a major support level & sitting right on support trendline), RTL staged an impressive late rally to close at 2c & formed a bullish Dragonfly Doji on the charts. This shows theres still considerable amount of buying interest out there. Yesterday was the last day of t+3 selling, if 1.6c still holds strong this morning, it will be very telling IMO as to what could happen next week. Hopefully, today will end up with another Dragonfly Doji or Hammer.

SGY. Sold down yesterday due to the broad mkt sentiment. Same with GBP, buying at support (11.5c) is sensible. Expect to reach TD in the W/E, so a Mon morning ann re the major gas reservoir target is highly likely.

GL all
JL