Scott there is definitely accumulation going on in the 28cps-30cps area and I have observed a few intra-day shenanigans from the big boys when small orders were pushing the price down with large off market orders sweeping up all the stock from weak holders. On a technical level a decending triangle has formed which is quite bullish with accumulation being around the 29cps area and diagonal resistance since the begginning of the recent downtrend. This will be a technically decisive point that we are approaching in the next week or so as I am confident it will either be followed by a strong upward or downward movement.
Fundamentally speaking, SVL is still extremely undervalued as a quick glance of the valuation courtesy of Nathan shows so I am not too concerned about short term movements and will most likely take advantage of them by either topping up or taking some profits. The new resource model coming out in a few months is a major SP catalyst. Imagine what 50M+ oz could do to the SP...
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i smell movement soon., page-80
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Last
9.7¢ |
Change
-0.001(1.02%) |
Mkt cap ! $146.2M |
Open | High | Low | Value | Volume |
9.5¢ | 10.3¢ | 9.4¢ | $969.1K | 9.974M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 889602 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 0.097 |
11 | 762171 | 0.096 |
12 | 926687 | 0.095 |
9 | 980988 | 0.094 |
12 | 711089 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 889602 | 6 |
0.099 | 538524 | 5 |
0.100 | 759349 | 7 |
0.105 | 965484 | 13 |
0.110 | 1315519 | 13 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
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INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
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