Perhaps not in the time frame being suggested. Its the low amount of shares in issue and low mcap which really interests me. It wouldnt take too much buying for the SP to react significantly. Fairly new here, but I like the sound of Craig Brown who has previous success. IMO the traders, pumpers and dumpers will arrive at some point in the future, pushing the SP higher and I will look to top slice into that rise, before the inevitable share placing the company will need to do. Well that's plan A...............
since the autumn things have started to look up, both on a fundamental and technical basis. Paying off the Yorkville debt in September will have helped sentiment. Since then the bullet points include planned activities in the Victorian Gold Projects, as well as an update on the Dangley Gold Project in the Philippines.
What can be seen in terms of the near-term price action is the way the 50 day moving average at 0.79p has been recovered to start 2017. This 50 day line recovery is a classic sign of a lasting turnaround.
It building up power for a move, I think it will breakout soon as consolidation is getting smaller.. Interesting times. Bought myself some over past couple of days off 60 min price bars, looking at a daily chart for the larger pattern
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