A reasonable outlook on the key variables affecting SP:That rat...

A reasonable outlook on the key variables affecting SP:

That rat named POG looks like it's set to gain momentum after falling off a cliff: hasn't breached the resistance around 1350 in the past 7 weeks. At a speculative guess with fingers crossed it will be a steady crawl back to the long term trend over the next 7.

Imo it's unlikely the announcement of a drill program will see any substantial SP gain other than the usual 3 day spike, on the plus side any drill rod put in the ground has more than a 50% chance of increasing the resource.

The shorters have made a mint the past month but remember for every short there is a delayed buy of equal volume to cover the borrowed stock. My 2 cents is SP will bounce around the 3.2 level for the next few weeks before we can expect a sharp jump up to 4+ and the uptrend begins.

Fair to assume the MD will keep his finger off the dilution button, any thought of accelerating this down trend is likely to cause a mutiny...