Excellent, excellent.
This is the confirmation of the trend, low volume retrace, extreme low volume sellers/traders, its all longs, now 12.5 bids shows to everybody that the drop 13c to 12c at close friday arvo was an abberation/ manipulation, no one has believed it, no one is selling, mexican standoffs, no sellers at this level at all, spinifex rolling on the desert as stated, no dropping sells into bids, less than 400K shares traded for an hour, incredible low volume.
What will the numerous motivated buyers do in response, only 1 option, a code 7 flush, if they expose their shares to sell down to force a sellers hand they will lose more money and it will be counter-economical, they cannot sell more shares than they buy intraday, so it has to move back to the 14-16c range shortly.
TON collapsing in a heap, soon the traders will return to spike MBN the safe haven for them. Soon NP will reopen like GoldP 2-5% higher today, then watch out, the Ni sector will rocket, SIR PAN Gold stocks already moving up, US$ down and down from here on weak US jobs report and weak US GDP this Qtr. CAnt see a reversal for the next 30 days , perfect timing.
Soon line swipes, code 7 flushes, 2c strings, cover over low volume retraces, pre-spike patterns, they cannot keep it down, all it takes is a few M shares to force their hand unless they force it first. The build into the QTR result from here to 30 April will be interesting to say the least, once the analysts give the green light to the insto desk traders.
The best QTR and best H2 EVER is upon us, a 200% increase in cash held, a 2000%-3000% increase in income qtr to qtr, a 30% drop in COP AISC?...no way jose they say. They are not ready for that. The Oz market is not ready for this result. Maryse the mine manager would know the production & income figures and cash cost results already. The CEO will be being briefed this week. The auditors will be over it right now.
The longs cannot be beaten, we cannot be beaten.
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