IVR investigator resources ltd

??... I'm paying very close attention, and you make an...

  1. 1,507 Posts.
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    ??... I'm paying very close attention, and you make an interesting observation,, I think.
    But it's possible I missed something.

    On what time frame do you refer ? I can't see any double tops on the short/medium and long term charts? At best perhaps a yearly?
    (charts from K**co/Trading View)

    If you're talking classic Technical Analysis (which is a Double Top term) , the main time frames are Monthly , weekly and daily,, so I miss your point in that regard.

    The only significant resistance points now would be very long term (yearly) and when looking at the volumes, and $50 peaks in 1980 and 2011.

    Also remember breakouts often happen after double tops.. I could show you hundreds of charts with double and triple tops prior to a breakout.

    But hell, even if it only reaches those $50 peaks from those (1980 and 2011) years, in the short to medium term I think most IVR holders would be happy with the perceived free cash flow. What, around US30/oz + for 50m oz, gives around US $1.5B over life of mine?? Perhaps my 'back of handkerchief' calc is wrong, but whichever way it goes, its way positive and highly speculative for a multi bag result, I would think.

    There's always downside risk,, but probabilities are in our favour, from a fundamental and TA point of view.
    Short , medium , and long term charts are bullish. Very long term shows some hurdles at $50. Fundamentals, from a supply/demand perspective are very bullish.

    Ok , we have a couple of TA hurdles , but I think they will pale into insignificance at some point soon enough. As with all things, it may be a slow process, until it speeds up and goes nuts. Commodities are generally demonstrating that now. Anyone in this PM space for more than a few years is across that issue.

    Monthly (aka long term)
    Breakout (with good volume supporting the breakout and trend) smile.png

    https://hotcopper.com.au/data/attachments/6228/6228854-adff4ed855941a47e6750e59e1edd999.jpg


    Weekly (Aka medium term)
    Uptrend with some healthy pullbacks. (with good volume supporting the trend) smile.png

    https://hotcopper.com.au/data/attachments/6228/6228861-f6ebf5b647bc662657b905ce015f59ac.jpg

    And Daily (Aka short term )
    All good ,, with recent support at previous high around $29.40. smile.png

    https://hotcopper.com.au/data/attachments/6228/6228871-e0b554b86956d381ecac4b9ef8ebb1fe.jpg

    Yearly
    See the recent volumes. This is just hotting up if you're referring to this as a double top.
    It could easily be argued (and I would) that the peak $50 is the important point in classic TA (as I was taught, anyway)

    https://hotcopper.com.au/data/attachments/6228/6228937-8466fcaf7340e622268c8f513f035938.jpg






 
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Last
3.6¢
Change
0.005(16.1%)
Mkt cap ! $57.21M
Open High Low Value Volume
3.2¢ 3.6¢ 3.2¢ $224.6K 6.639M

Buyers (Bids)

No. Vol. Price($)
2 617501 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 851237 3
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Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
IVR (ASX) Chart
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