The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Market will wake up soon, two boxes ticked yesterday and today. Confident everything will come good, think we get re-rating when start to build Makhado as then definitely happening in eye of the market. I’m 100% on board, this is happening, Chinese, Vitol, ArcelorMital on board - probably get taken out by one of these pre-production
Can’t put chart on here but..... MC Mining Ltd forms bullish "Continuation Wedge" chart pattern Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on MC Mining Ltd (MCZ on JNB). This bullish signal indicates that the price may rise from the close of 875.00 to the range of 1452.00 - 1583.00. The pattern formed over 57 days which is roughly the period of time in which the target price range may be achieved. MC Mining Ltd has a current support price of 796.00 and a resistance level of 950.00. A Continuation Wedge (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. The technical event occurs when prices break above the upper trendline, thereby confirming the pattern. This bullish pattern can be seen on the following chart and was detected by Recognia's proprietary pattern recognition technology.
https://www.zoutnet.co.za/articles/news/49703/2019-04-08/more-time-for-eskom-to-get-powerline-done