Morning Traders,
AUJ - announced oil and gas discovery yesterday on first well with oil sales already commenced. Possible further upside with increased choke and expected increase in flow rates over the coming days. Low MC, plenty of cash and tight register.
AZZ - consolidating on lower volume. With their cornerstone Eagleford asset up for sale I'm watching for possible breakout.
MOY - gold play heading towards production and recently secured a $35m facility through BNP. Chart looking set for next leg up.
NTU - interesting show of strength yesterday after the steep rise the day earlier. Chart looking interesting. Some very strong buying in the last half hour at 35c (VWAP 33.6c) followed by some profit taking into the close. Could re-test 40c in ST.
SVL - high grade silver play with possible resource upgrade due any day. Third attempt yesterday to break 20.5c and with POS at a 30 year high chart looking set to sail into new territory. Mainly BOT trading on 23/9 at 20c bodes well.
TNP/O QPN/O - starting to see some movement with upcoming spud.
:)
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Morning Traders,AUJ - announced oil and gas discovery yesterday...
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