From a TA perspective, 2.8c was 1st support, before the next level at 2.5c, then 1.8c - perhaps inexperience missed that in some of the commentary I have seen on our threads. That Is easily viewable on studying the 6 monthly chart.
Did not break 2.8c, was not broken at all = good
Also easy to see the volumes reducing due to the EO announcement, low volume pullbacks to announced raise level = Standard.
Has now risen to first recent historical level of resistance and popped it’s head over - then held at 3c = good. On slightly higher volume spike viewable on vol bar. Needs to hold here and next target on improving volume will be 3.4c. News events (and plenty of them coming if we study recent company announcements) will surpass recent volume and price resistance above recent 4.3c high. Because news events cannot be discounted when considering what the TA may tell us whilst taking into account company milestone timelines. The chart is ALSO showing higher lows through the Feb - May period = solid.
Renouncable rights issue over subscribed = brilliant.
$15m cash and no debt (NO DEBT AT ALL) = well, outstanding.
Plant complete, on schedule and under budget = promising.
Multiple news flow reports to come = count on it.
Enough quality in management with close to $9 billion worth of BIG experience behind them = find me another management like this please in speccy land?!?!?
Powerul Friends, multi million dollar alliances, outstanding strategic partners, freely financial and with a clear plan to future growth. Easily verifiable facts within company news, outstanding shareholder support and communication. Most importantly - shareholder belief within what management and our group are value adding for our investment within. One of the best, most researched and knowledgeble poster groups on HC.
And we are building a company - not a Mum and Dad rip off merchant.
Not a penny for long this one. Too much belief in management and the tech from so MANY worldwide power groups. Some smarter judges than the average punter. Judge a business by its management they say and more importantly by the company they keep close to them. Walsh, Johnson, GXY, BACCHUS, DLI, GROUPA MOTA, LYCOPODIUM, BASF, The Arabs, our friends in the West, VW, LG Chem, the Portuguese, past relationships within Norlisk Nickel ETC.
Keep watching that TA, cause this is heading NORTH as volume increases and our progress is announced shortly.
Happy to revisit this post V others that have contributed to our threads questioning the TA without having done an inch of FA research to compliment that TA commentary, . Let’s set a short term timeline of say - over the course of the next 6-8 weeks.
LPD we are invested in.....not trading in.
Expand
(20min delay)