IDC indochine mining limited

Krish & Surly,Yes hopefully the 2.8mil unit order at $0.053...

  1. 1,260 Posts.
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    Krish & Surly,

    Yes hopefully the 2.8mil unit order at $0.053 (@$150K worth) is the start of some big money coming back into this stock, mimicking the trend & behaviour of other goldies since December.

    Up until now I've only seen moderate buying (lots of 100, 200, 300K unit orders & the odd one between 500k - 1mil) and this has been the trend for some months, so to see an order this size appear out of nowhere is in itself a bullish sign IMO.

    And remember in terms of retail shareholders, us little guys & gals only hold approx 20% of the register.

    The other 80% has been locked away by big money for sometime in what appears to be a bunch of long term investments IMO (otherwise they would have sold down/out by now).

    i.e. may not take a whole lotta volume to move this thing north should the new trend (since December) remain in play.

    Could be shaping up to be a similar scenario to last July when we went from 3.6c to 11.0c in 3 short weeks.

    Technicals are looking great IMO, particularly on the weekly chart, we are FAR from overbought on a weekly basis.

    In terms of announcements, positive progression of the adit and finalisation of funding at 7c to 'take us through to the middle of the year' are the next two boxes I would like to see ticked.

    Stay tuned!

    Cheers and very best regards,
    Elpha.

    Note: my opinion and analysis are mine only and in no way am I offering advice of any kind. Please DYOR,
 
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