Yeh like me.
I'll be buying the opening price on Monday.
Looks like a goer to me. Look at the 5yr daily chart.
ADY - Admiralty Resources
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Yeh like me.
I'll be buying the opening price on Monday.
Looks like a goer to me. Look at the 5yr daily chart.
rub92me
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Bit of a false start yesterday with a quick jump up and then a dump of about 2 million shares at 28 cents just when it started to take off, which completely took the wind out of it. Buyers lining up again this morning, so looks like it will start with another gap up today. Let's hope the big players hold their sell bids a bit longer today...
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Chart on ADY suggests the consolidation period might be ready for another leg up ................ About 5 million share traded already today, and a lot of buyers happy to jump the queue to buy at the higher price ............. Should be interesting over the next couple of days.
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Hope you ended up getting on this one N............
Certainly been going gangbusters .......... Great long term story unfolding with this one (as well as being a good trading stock) .......... When the Lithium finally comes on stream, todays sp could seem very good value imo ........
Hi Barney.
Yes i did buy on the monday paid .285 for them so was sitting in the red for a bit.
But these longterm bluesky breaks are usually goers for me.
28.5/29 was a bit of resistance so when it closed above it on monday i got the signal to pyramid into this winner at .305 on yesterdays open but didnt do so (capital restraints).
If i can, i will pyramid into this winner as it progresses.
But imminently, i see a pullback on the cards, should find support at 28/29c the previous highs from last week.
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Pleased you got on Niz,............. I agree it should theoretically have a period of consolidation after such a strong run. It will be interesting how far it does pullback to .......... The fundamentals on this Co. are excellent, and it just seems to be going from strength to strength atm ........... I guess it will depend on how many of the trades going through are from potential longer term holders, and how many are just trading the stock ......... High volumes, so you'd expect a lot of that to be traders ........... then again maybe the traders might realise what they might be sitting on in a couple of years
Clever of PT to put out a claytons announcement to avoid a speeding ticket
Strong volumes over last few weeks indicates solid distribution to entice new shareholders onboard and establsih new support levels. Of course this has been going on in ADY for several years.
The future and the plan is all falling into place, it is nice to see and does wonders for ones confidence levels going forward.
Strong volumes over last few weeks indicates solid distribution to entice new shareholders onboard and establsih new support levels. Of course this has been going on in ADY for several years.
The future and the plan is all falling into place, it is nice to see and does wonders for ones confidence levels going forward.
rub92me
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Looks like the pullback is not as 'imminent' as thought. Looking good for another record close today. Very clever 'management' of the announcements again by the MD. The pullback when it comes should hold above 30 cents for a while looking at the volume that has gone through in the past 3 days
Hi Lachlan.
I thought the run was exhausted by Wednesday to be honest so i expected 34.5c the top and retrace to maybe 29-30c.
Obviously thats a bit too much of a pullback now given 45c was the top. So yeh i agree and would suspect it to hold at 38c.
Blow off like today expect large volumes and t+3ers exit, also its a friday, generally a weak day for the market.
But yes if monday tuesday sees red, much lower volumes (sub 10mil) would be bullish.
Im holding since .285. Havent pyramided into it since there have been no pullbacks.
rub92me
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Trading halt pending JORC upgrade for Rincon Salar. This is what they said last November:
"A new JORC study of reserves will be completed now that the porosity is known to be more than three times higher than previously estimated, inferring a much larger resource than previously thought."
Will be interesting to see how much larger!
"A new JORC study of reserves will be completed now that the porosity is known to be more than three times higher than previously estimated, inferring a much larger resource than previously thought."
Will be interesting to see how much larger!
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Trading halt pending JORC upgrade for Rincon Salar. This is what they said last November:
"A new JORC study of reserves will be completed now that the porosity is known to be more than three times higher than previously estimated, inferring a much larger resource than previously thought."
Will be interesting to see how much larger!
Announcement is out - a 5.5 times increase in lithium to 1,403 tonnes. That is a positive announcement if ever I saw one!!
You can never take a profit too early. Like you can never pay too much tax. If you follow me.
I'd gladly pay $30 mill tax a year.
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