SVL 1.02% 9.7¢ silver mines limited

i smell movement soon., page-80

  1. 995 Posts.
    lightbulb Created with Sketch. 15
    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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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
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Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
SVL (ASX) Chart
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