This one crossed my radar on the weekend when I noticed that its MACD had turned positive and that it seemed to be forming a large ascending triangle. I put in a bid at 16 yesterday, but missed it; raised to 17, missed it again. Today, with the gap and break above resistance at 18 on very high volume, this seemed to be a pretty strong buy signal so I bit the bullet and bought at 20, with an initial target of 28 cents.
I also like the fundamentals (as I understand them): with a miner that's already producing, claims to be generating A$ 100 million in revenue per annum on 492 million shares, with a mine life of 4 to 9 years.
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