True that Eric, news will ultimately drive the SP. I'm just pointing out that charts can help you determine a good entry / exit point of a share. If a share drops down to a support level, a lot of traders will usually start to buy at that point, usually works best on dips or peaks. It's not gonna work all of the time of course.
Imagine if you had bought and sold BMR purely based on the pattern over the last 12 months or so. It would have been possible to make a decent amount. I'm pretty confident we will see 10p in the not too distant future, possibly be more. Question is, will it be followed by another drop?
Hi lads. I personally feel that if shares are ruled by charts we'd all surely buy and sell when the chart says and be quite well off. A chart showing a higher or lower sp doesn't mean people are going to buy in or sell, and a retrospective chart is of no real use. Do the mms follow charts? Who draws up the charts? The driver can only be news, in my view. And we've not had enough specifics at the right time for the sp to gain any upwards momentum.
It's ok saying we'll test 10p, obviously we'd all love that, but it's difficult to see how this will occur this year, unless Alex changes his approach and fills in the information gaps, moreover, then keeping us better informed as to progress. More frequent updates on the build and news of cracking the whip on suppliers would be good.
All in my view, but it is because I'm extremely disappointed with the pace of our progress since ZEMA approved our lead and zinc processing plans last May.
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