a) Fundametals: STB is applying for more than 5 tenements around the Cardabia area. If you pay 20c for two tenements, what would you pay for 10 tenements? Say double current price ie 50c.
b) Wave theory: 1.618 times the length of wave 1 (20.5c) + the low of wave 2 (16c) = 49c.
c) Chart: Cup and handle forming. Looks like one to me. Chartist can check this out for me. Thxs.
d) Sector: You got to admit this is a hot sector.
e) Conspiracy theory: Oil cartel pushing up price of fertilisers to make biofuel uneconomical.
f) Politics: China imposed tariffs on export of phoshate. This is a nice way of saying export of phosphate is banned.
Please circle correct answer. A, B, C, D, E, F or all of the above. For some, it would be none of the above!
STB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held