TSO 13.2% 4.3¢ tesoro gold ltd

Looks like TSO favours the HNS pattern, the pattern you have...

  1. 3,612 Posts.
    lightbulb Created with Sketch. 1220

    Looks like TSO favours the HNS pattern, the pattern you have highlighted is a inverse HNS which is a bullish pattern the one i have highlighted previously here is a normal HNS which is bearish, however you can see that once it broke the neckline it didn't actually fall that far back, should it occur again i imagine a similar scenario would play out given the FA, on that...

    https://hotcopper.com.au/data/attachments/2468/2468070-44943b27f80b330d75bae7a621eecd51.jpg

    @karmalocust I have been keeping an eye on TSO anns but haven't properly had a look until now, I have highlighted some of the higher grade strikes below, what seems to be forming here is a very large lower grade gold resource, given the favourable jurisdiction and great strike lengths this resource will no doubt go to mine, either by TSO or a takeover party.

    https://hotcopper.com.au/data/attachments/2468/2468073-17939fa1bb242370af157efa04d613be.jpg


    More huge lower grade hits

    https://hotcopper.com.au/data/attachments/2468/2468081-4734e8dc051db13b4ee88e56c5c829bb.jpg


    Given that cash on hand should be around the $9m mark ($5.9m held last half year plus $4.4m raised, allowing expenditure) There should be no fear of a cap raise holding this back, and i personally wouldn't worry too much about what the chart does short term as this looks like a great long term hold and will no doubt deliver multiples of value at this purchase price over the next few years, IMO - Dyor, Good Luck holders ! might be joining you soon
 
watchlist Created with Sketch. Add TSO (ASX) to my watchlist
(20min delay)
Last
4.3¢
Change
0.005(13.2%)
Mkt cap ! $52.87M
Open High Low Value Volume
3.8¢ 4.3¢ 3.8¢ $99.74K 2.423M

Buyers (Bids)

No. Vol. Price($)
1 50837 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 345750 3
View Market Depth
Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
4.2¢
  Change
0.005 ( 7.69 %)
Open High Low Volume
4.0¢ 4.2¢ 4.0¢ 367386
Last updated 15.54pm 06/05/2024 ?
TSO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.