short term trading - week starting 25 feb, page-72

Entry for STT comp

LRS

Just been sold down to 17c (maybe a broker had a long lunch ) after a rally to 25c a few weeks ago


The company is developing a portfolio of projects in the globally recognised juridisction of Peru . Recent upgrade of thir JORC on one of 3 projects shows a inferred resource of 1.46b tonne at 5.7% heavy metal

Masive 100+ mine life potential and a very low market cap , I am expoecting news in March to see the stock atttempt to close over 30c on expiry of 30c strike march 31 options

At 17c last trade gives me confidence LRS has 25% + upside in it to qualify for Freeholds hall of fame .

On a TA side it has just closed the wiondow the stock created when it ran to 25c earlier in the month and now look set to re test if not break that level on another wave of buying

I hold LRS
Berkeley Resources Limited (BKY) is uranium explorer and developer in the
Iberian peninsular.

long term breakout of 50c resistance

volume and OBV rising

gap to 80c

lovely setup