more copper and gold mumbwa, page-14

in the last 2 months the SP went up from 8 to 44 cents. This is a + 450 %. Now 28 cents...this is still 250 % higher but 36 % lower then the highs that we have seen a few days ago. Well it was relatively clear that after such a rise the share was overbought and all technical indicators have indicated at least a consolidation. The former resistance level are now the future support levels (25 and 35 cents). I guess that support at 25 will not be broken on the other hand it will be not so easy to break the 35 in the next few days. A break of 35 would open the way to the next resistance somewhere around 50-60 cents.

This is just my "technical" view/feeling. More important are good news. Either from Mumbwa or other projects. In the last Mumbwa announcement they have written that the release of the last 2 drilling results should be immenent. I have the feeling that they will be better then the last one and lead to a higher SP.