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...
@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.
More huge lower grade hits
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
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Looks like TSO favours the HNS pattern, the pattern you have...
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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($) | Vol. | No. |
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4.4¢ | 345750 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50837 | 0.043 |
1 | 200054 | 0.042 |
3 | 179524 | 0.040 |
2 | 46315 | 0.038 |
3 | 505953 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 345750 | 3 |
0.045 | 543822 | 2 |
0.046 | 45000 | 1 |
0.047 | 20000 | 1 |
0.048 | 420873 | 3 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
4.2¢ |
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Change
0.005 ( 7.69 %) |
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Open | High | Low | Volume | ||
4.0¢ | 4.2¢ | 4.0¢ | 367386 | ||
Last updated 15.54pm 06/05/2024 ? |
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