Atomic...Very Quiet mate...Any feedback.

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25/01/18

11:25

Post #: 30561502
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Originally posted by flaming ↑

The market is the function of human behaviour and human behaviour always stays the same.
That is clearly displayed in today's trading action.

What has happened is most people have gotten tired.
Many have sold and gone.

Day traders and short term traders will not get on board until the stock shows strength.
Die hard holders who have made their purchases are all nervously holding.
Most can't bring themselves to buy more even at this give away prices.
Until the release of quarterly report, new buyers are reluctant to step in.
Who knows what will be in that report.

Yet, somebody is definitely buying.

My guess is less than 50k ounces for the quarter at above USD 1000.
Cash balance less than last quarter as all money would have been gone towards the plant upgrade.
I am still leaning towards a small cap raise for the completion of the plant upgrade.
Say 20-25 Million dollars. This is all my speculation, guessing from the market participants behaviour.
Not happy about it but in the scheme of large things, have to go through some more pain.

The report could be very positive for a change and surprise everyone. As they say every dog has a day.
However, the silence from the management also must have scared the sheet out of lot of people.
Once again the quarterly will be coming out on the last possible day.

My conviction for still holding and adding to position is my bullish views on Gold.
So if Gold keeps on going higher than this dog will definitely see better days.

This gold rally has high chances of testing 2016 highs.

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Atomic...Very Quiet mate...Any feedback.

BDR Price at posting: 18.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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