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39.0¢ musgrave minerals limited

To illustrate what im talking about with the above CNH Blue...

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kiwijuice

3,612 Posts.

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03/08/20

17:03

Post #: 46271339
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Originally posted by kiwijuice ↑

Good charts but i think management here have done a remarkable job and probably aren't too fussed by any short term drop, in saying that - Market cap of $330m and only $9m cash on hand i think it would be wise for them to do a cash raise before the price falls any further to put a floor on the drop, Large cup and handle playing out on the gold weekly which shows a drop back to $1600 area possible so make hay while the sun shines and all that.

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To illustrate what im talking about with the above CNH

Blue lines top and bottom pink is target area is this pattern was to play out. Gold-weekly-chart

MGV Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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