@jdpc35 thanks so much for the TA.Perdy

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perdant

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22/03/22

18:41

Post #: 60350112
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Originally posted by jdpc35: ↑

Iryna -thank you for your chart.

I agree with your wave counts (they closely align with mine). A couple of additional things you may want to consider in your assessments and targets:

On a larger scale, I have a major Wave 1 concluding in July 2017 at $0.80 with that wave being a total of $0.77 in length.
We then went through a very messy major Wave 2 correction over 2.5 years to the low of $0.092 in March 2020. That was 92% retracement of Wave 1
We are now in major Wave 3 territory where I have labelled as wave (1) the initial peak of $0.32 in June 2020 before a wave (2) correction to the late June 2021 low at $0.15
If this count is correct, we are now in wave (3) of 3 territory. And to make matters more interesting I have labelled the move from $0.15 in June 2021 to the $0.44 peak in Nov 2021 as wave (i) of (3) of 3. Then on my count, we saw a wave (ii) of (3) of 3 correction to $0.215 in Jan 2022 (78%).
Based on this count, the next move up should be the most explosive, and so I am expecting to see an extended wave (iii) of (3) of 3. My targets for this wave are either $0.685 (being 1.62x wave (i)) or $0.975 (being 2.62x wave (i)).

If the above count is correct, we should start to see some fireworks in the share price in the coming weeks and months. When you consider some of the other factors such as the almost NIL value being attributed to the 1.7m oz (after allowing for the value of 20% of Manna + GL1 shares plus $10m cash coming when Manna hits the first resource hurdle), then it is easy to see that a positive announcement or two could start to fire this share price up very quickly.

GLTA & DYOR

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@jdpc35 thanks so much for the TA.
Perdy
BRB Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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