Straight to the L/T D/T line and back to the primary pivot where it closed. On adjusted basis ROY is near all time highs and threatening breakout into BLUE. HOPE u guys can slam down the rights a bit ... please haha.
Current market price represents cash + chinese cash commitment backing. If this aint a further tenbagger (to total 100 bagger for them who hold from lows) with BFS conclusion, dont know what. Billion buck baby if they put it all together right and entice the sino-partner to fund a billion buck development for half plus the buying rights. Liquidity now doubled to attract the instos and maybe alien punters as well.
I expect SAME kinda chart performance as WHE with their 10c pro-rata earlier this year ... came back a bit for a short time then tripled from the lows soon after where it is holding now. And the driver ? Well aint this supposed to be a URANIUM stock with a PDN - THX corporate connect ? Reckon Uranium is a moral next corporate move once the iron-issue dust settles a bit and the newbies are set ... otherwise doesnt now fit with this new stuff.
And what of the DSO haematite at GBG "Shine" JV. Iron ore prices are expected to rise by 20 bucks a tonne next year according to some industry calls. Thats gotta be worth 20 - 30 mill cash at least for cashed-up GBG to remove the "nuisance" value minority ahead of their DSO shipping y2011 scheduled start ???
Market cap 60 mill now is at cash + sino commitment backing and doesnt allow for ANY of above. Hence MASSIVE upside from here for mine as projects evolve.
Have sold enough to exercise my rights and freecarry residual core and next looking for the fresh traders thru the pivotal breakouts which is my standard MO. Dont forget them oppies have a piggyback riding them ... beautifully structured.
Bravo ROY ... senstational stuff ... about to become even moreso IMO. I think adjusted charts (which can be so misleading if u dont read them in conjunction with fundamentals events) now show 36 as the all time high ... so that becomes the next launch platform for mine.
The bounce from D/T line actually went straight to underside of this before pulling back, so thats another confirmation of its importance. Hence 36+ will be my trigger for techno-launch into deeper blue skies.
HOPE they dont find a need to issue any more paper unless its over a buck or a pro rata inspecie distribution of the URANIUM assets. Maybe both in due course.
IMBOOC
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