Fundamentals & TA - STRONG BUY10 Jul 2020 13:32
Fundamentals & TA -We have both the Fundamentals and TA pointing to a STRONG BUY across the main investing parameters!
From a technical perspective, we should have an unobstructed push to the 2.5p level over the next few trading days, as the 1.3p threshold has been convincingly breached and we have increasing moving averages - source: Zak Mir
From the Fundanentals, we have a groundbreaking RNS due any day now re: Saudi interests, which majorly underpin the financials going forward.
Why do people think the company name is changing to Kefi Gold AND Copper??
That's just the beginning as we have macro market factors playing strongly into GOLD investments, with the Gold price storming ahead and now over $1800 and climbing.
When the company specific and macro fundamentals, TA (as well as CEO references) are all pointing to a 10p+ share price going forward, then we can (quite) comfortably look to even the near term 2.5p level being smashed in due course.
Further news on the TK finance via offtake agreements with specialist Mining financiers, is expected in Sept, 'well in advance' of the previous date and are currently being 'CONCLUDED' - not 'entered into'.
What we're seeing now is just the beginning of the GGP type rise to an expected multiple of the current share price.
Do your own independent research which should only confirm the 'STRONG BUY' rating for the stock.
TA - increasing moving averages, the pivot point of 1.3p easily breached and now an unimpeded move to 2.5p expected (source: Zak Mir)
Fundamentals - references
Level 2 consolidation at 1.5 and rising though, next line of resistance is 1.6-1.65 and then the next is 2p