Entry for STT list
FATA SGQ long
Nickel exploration East Laverton .WA
Tried to find something in the TA of an otherwise meagrely looking chart .
I am a novice remember !
The recent high of forty cents from a low of ten cents gives a range of thirty cents . The most recent attempt on a high was twenty four cents .... ten cents off the low of fourteen .
That gave us ten cents out of a possible thirty cent move .
Current SP of seventeen represents an initial target of twenty four cents again and then forty four cents .
Twenty two and a half should see it into the lounge .
FA ........
In short , a nickel explorer with a prime target in virgin ground .
SGQ await confirmation of targets and a drilling campaign at arguably the most prospective of the nickel wannabies
Price is announcement driven and the market wants action . Weather is key and so far so good . March announcement of April drill will be no surprise .
Other key factor is the JV they have with BHP . The agreement is due for renewal and will have new terms . Much interest in this deal . Fom memory it must be completed late this month or very early April .
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