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So much is down to luck too in junior mining. Had the KSZ drill hit target the share price would have rocketed and funding/dilution would have been very different. Obviously no holder is pleased with how things have transpired but we also need to take responsibility for our decisions and possible outcomes speculating in this space.
Not at all. 8p could happen in very short order with that bowl formation as the path of least resistance.
The wick touched the new 6p support and off it goes. Textbook :)
Importantly it closed above 6p this time and on high volume, that's very significant as that ceiling now turns into support. The chart looks really good.
Guys the whole sector's down today, especially those on aim. It's no reflection on Zephyr or the RNS, just traders playing the theme of the day.
Yesterday's close above 10p was important from a technical perspective which will now act as support. Next target 13.5p.
Oh yes, oil will go through the roof at some point next year with supply so tight and all the geopolitics. Timing the rally is the difficulty.
China data and Xi announcement about controlling inflation is dampening the oil price today so the traders may be selling, could present a great opportunity to add even more here :).
That will explain the drop today. MM's would have needed to draw out some shares to fill that order.
A close above 10p would be significant.
Would expect some profit taking today after such a strong run and the excitement in the US markets at the end of last week. Also hit resistance on the chart. Can't see it going back to the 50's though.
Expecting Williston figures tomorrow/Monday.
As the phrase goes, people sell shares for all sorts of reasons but they only buy for one. It's at solid support here on the chart, would need a catastrophe to fall any lower when you consider the mcap to cash + assets now.
It's the weekly chart that best represents the technicals, getting tighter and tigher under 6p with all the moving averages pointing up. The longer they consolidate usually the harder they break :). The way the chart's formed it could spike to 8p very suddenly.
Just picked up some more. Risk reward for me is good at this level now they're fully funded with news immiment.
The market is always forward looking, though sometimes too much so. Last year all sorts of stocks were being bid up to the moon in general market euphoria. Despite a total recalibration this year this stock has held up far better than most, I think testemaent to a management team of quality that is quite rare on AIM who continue to build value and execute their plan. When confidence in the stock market returns we'll see a major re rating and a price much more refelctive of the assets here.
Good size buys coming in.
They'll drop the Williston bason revenues for Q3 next week, if past momentum is anything to go by the figures will be very strong. Likely to cause a definitive move above 6. The chart is getting tighter and tighter, just patience required.
As these haven't been retail placings I'd imagine most investors involved won't be looking for a fast buck on the first sniff of good news. They will have bought in for the prospects that brought most of us here. But yes of course it's discoveries alone now that will drive the share price.
Evidently support at 6p.