gapup to 19c-25c is open, daily volume spiking 3.7M shares, buyers swept the sellers easily.
RSI & MACDs in momentum build into positive last few days, shows this is open on TA
Historic trend of 50-100% run on Q results before release then sell off after release.
So bottom of 12.5 x 2 = 25c but floor built around 14-15c so may go even higher as RIM & Eduardo look exhausted and may not have any volume left to sell as 50M shares have traded last few months.
Interestingly, they didnt mention drill results, Investec debt, stockpile or costs. Looks like another announcement in July before the Q4 report will be issued. No news on these items means good news surprises and guidance beats. If guidance beaten for the year they have to upgrade guidance for Dec half and for 2019 FY
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Yes some manipulater tried to smack the close but it didnt work as Rambo was all over it with his numerous bullets. Rambo likes it. The gapup is on its way.
DRM is at 35c equivalence at higher debt, higher costs and lower production and SBM is at $1.10 equivalence.
When will the other INSTOs see the cash no debt bullets and join the party? When they do,
TRY will FLY.
