technical analysis

Now I am not a big TA specialist, however looking at the recent rise it definitely looks to have alot of similarities with the previous rise in October. Signicant rise followed by a sell off in the following few days and then support generating creating a new bottom, hopefully in this case of 8.9c.

If it continues along the same trend, we are looking like a the SP testing and or breaking the 10.5-11c recent high, before it stabilises in the 10-11c range awaiting the final figures from the PFS before rising to the high teens, early 20s before starting the process again.

If it continues along this path, another 3-4 steps up the immaginary staircase ie the closer we get to fruitition and we could be looking at an SP of 40-60c.

Obviously there are alot of fundermentals which would be required to make this happen, however some movement towards financing, the DFS, further improvement in the Chinese economy/IO price, T/O rumours/interest etc could get us there.

Here's hoping anyway.

If my TA analysis is even close to correct, a 9 or 9.2 buyin price will be the lowest anyone can get in until the next distribution payment is made which is still sometime away.