I trade/invest mainly the ASX 200-300 every so often I look at specs.Check my posts beyond EXM. I have clearly mentioned this on many other occasions. It's not about downramping or trying to convince others to sell.I have no alterior motive other than to express what's staring many of you in the face.Yet many just don't get it !! the market doesn't give a rats at present.
It's merely calling it as I see it rather than ramping the hell out of something that has no effect in the current market climate.
I work from both a technical and fundamental perspective at times depending on the stock. Just because I post that a stock will retrace to a certain level doesn't mean to say it has no value. If you don't understand t/a then it's hard to decipher. My posts have not been pessimistic in relation to the fundamentals as they stand.
My posts in relation to a retrace in the share price is based purely on technical analysis on what is presented to me at any given point in time.This allows me to either act on purchasing or selling.Not a fundamental one that negates the quality we have received so far in the drilling results.Everyone has their own style of trading or investing .I'm not saying mine is any better than anyone elses for that matter. The point is to be able to make a profit & preserve one's capital-(risk management) is important without it we cease to exist.
As I've said previously the information provided by many here has validity and substance based on whats been presented to us by the drilling results. My point is and always has been for this to occur will require PATIENCE as well as taking things into perspective such as the current market climate.
As far as mining is concerned yes anything is possible,I previously pointed out it takes a lot of time, effort, good management, to bring together studies such as a scoping report, a Bankable feasibility study, plant processing logistics as well as many other associated forms of planning for this to come to fruition. It will not happen in six months or so as some people may think. To go from an explorer to a producer is one hell of a big step that requires specialist expertise in such areas nothing more.
that's not big noting it's a FACT.
I'm not inferring this may or may not happen all I'm saying is that It's about putting things into perspective for me rather than big noting as some may think. For the record I still have stock and will continue to purchase when I see fit. Don't hope be patient!!
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$3.27 |
Change
0.030(0.93%) |
Mkt cap ! $228.4M |
Open | High | Low | Value | Volume |
$3.24 | $3.30 | $3.23 | $215.8K | 65.97K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $3.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.43 | 5500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 3.240 |
1 | 50 | 3.100 |
1 | 6600 | 3.020 |
2 | 5693 | 2.950 |
1 | 15000 | 2.940 |
Price($) | Vol. | No. |
---|---|---|
3.430 | 5500 | 1 |
3.520 | 3929 | 2 |
3.530 | 1000 | 2 |
3.540 | 2500 | 3 |
3.550 | 11000 | 3 |
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