CAI (Calidus Resources) has mustered some strong tailwinds, in my opinion.
From the top, the gold price looks set to have a Santa rally and while the AUD is weak versus the USD, there'll be inflating margins for AUS gold producers and, as a rub-off, developers/explorers with good ground will feel the love as well.
The Pilbara conglomerate story has its own energy and the CAI announcement last Monday 6.Nov is well worth a good read here: http://www.asx.com.au/asxpdf/20171106/pdf/43nzjy2vhjgbcf.pdf
And good press from Tim Boreham followed on Tuesday in The Australian.
For chartists of the wave counting bent, CAI is a gem. Errr, make that a nugget!
The CAI daily glistens with textbook stuff:
5-wave upleg followed neat channel behaviour to complete a larger degree W1. The w2 distribution delivered a 50% pullback into the lesser degree wave iv range.
The beginnings of w3 have strong volume interest.
I knew that name meant something. It's Latin for hot.
One caveat: a lot of stock has been issued to soph. investors and so on who'll probably undertake heavy profit stagging sooner, not later.
