I reckon your on the money mate.
Check out the cup and handle pattern pattern which indicates it's more likely to be accumulation rather than distribution.
Big Volume has helped shakeout some of the weak hands.
Who really knows whether the lows are in? Maybe there could be another final exhaustion gap down and then an island reversal style pattern to indicate the trade low is in.
When this mean reverts and the Lasonde Curve FOMO kicks in, there will be an almighty pop upwards IMHO.
Gold in AUD just below $2700 an ounce.
Even if TIE's AISC and capex estimates are wildly out, this company will still have strong operational margins.
Risk has reduced considerably now we have no debt and measured reserves underpinning first 2 years of production.
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I reckon your on the money mate. Check out the cup and handle...
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