The compressors are hammering away pressurizing the chamber now at Kingaroy and have been operating most of this week from what I hear. CXY just cannot tell when the pressure will hit the sweet spot as yet and therefore cannot precisely project the ignition point.
The match will be dropped soon enough and then we will be waiting for the gas analysis. We have to be patient.
The share price has been "climbing the stairs" magnificently meaning it had been hugging the top Bollinger Band / above the 20 day moving average since the GoldOz UCG DD report. It almost touched that average at 13.5c today which is actually healthy. The RSI was at 81.731 on the close yesterday indicating an overbought condition.
This also indicates more upside which seems too obvious to bother stating. Madmacs was right with his call about the consolidation the other day well done to him. The GoldOz fractal on the weekly picture is also forming perfectly at this early stage take another look and update your weekly charts to see the progress.
This is an interesting ride we shall see where it ends up. Disclosure - I took advantage of this opportunity today.
Best regards CW
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