Australian (ASX) Stock Market Forum

BMB - Balamara Resources

Jump to new
Re: SSC - Sultan Corporation

some reasonable big buys going through today as well .. For example $200k @ 3.4c
I am not up to date with what sort of balance traders use but seems like alot to pump into a penny stock following a 130% run up over the last week..
 
Re: SSC - Sultan Corporation

has held up pretty well.. hopefully 2.8c makes some sort of bottom so I can keep hold of this till we see some further updates..
 
Re: SSC - Sultan Corporation

some very odd sells going through every 2minutes all day at .06 seconds.. if you look at the course of sales.. what do people make of this sort of selling .. hedge fund / broker exiting from their position or pushing the price down ?? Would think it has to be someone with some sort of computer automated selling system ..
 
Re: SSC - Sultan Corporation

YES Those computer generated sales of 66,150 at 0.024 cents should be ignored
Me Thinks
The Important figure I watch in these times of madness Magic is the VWAP @ 0.025

Maybe the Computer is prorammed to sell small amounts and Buy Huge amoumts
It gets more complicated when 2 or 3 computers join in on the party and play opposite directions

I ignore them all
The only figures I respect are the (HLOC) HIGH LOW OPEN CLOSE

Salute and Gods speed
\
PS, I am holding on Tightly
 
Re: SSC - Sultan Corporation

held up pretty well today all things considered.. pleased to see sellers refrained..

at this point its all going to dependent on dow tonight xao monday, if there is a blood bath I doubt we will see news and even if we do it will have little impact..
 
Re: SSC - Sultan Corporation

POSITIVE OUTCOME OF THE PEELWOOD NORTH Cu/ZN MINE WATER STUDYThe directors of Sulltan Corporation Ltd are pleased to announce that the Peelwood North Mine Water Study conducted by RPS Aquatera, concluded that all water required for ore processing can be secured by harvesting surface water runoff. This would be done by constructing a 180ML-250ML storage dam.
Aquatera’s conclusions are based on the driest year on record.
Mr. Derek Lenartowicz, the Managing Director of Sultan Corporation Ltd, commented : “We are extremely pleased with this outcome because water management was the last significant step in our assessment of the viability of the Peelwood North Cu/Zn mine. Harvesting surface water runoff is a much simpler and more cost effective option than the establishment of a dedicated borefield.
Sultan Corporation owns 100% of the Peelwood tennants and all assets associated with these leases.



Looks like approval to start breaking some ground could be round the corner..
 
Re: SSC - Sultan Corporation

If the market wasnt so on edge and in the dumps I think this news would have easily pushed upwards of 3c.. slowing getting some buys but nothing outstanding.. ssc now on the verge of commencing production .. May have to wait for council approval before this finally gets some good notice ..
 
Re: SSC - Sultan Corporation

buys in the range of $50 - $70k per parcel this morning .. This looks quite promising providing the sellers werent dropping similar size parcels.. Fingers crossed its a size of imminent updates to come..
 
Re: SSC - Sultan Corporation

back in business this morning busted through 3c and looks to be marching forward again.. appears the bot seller holding the price around 2.7c has gone or been smashed..
 
Re: SSC - Sultan Corporation

Up 27% on europe, all be it on $7k of volume.. Fingers crossed the asx stock follows the same path.. Expecting an update this week considering the turn around of price and extra volume last few days of last week ..
 
Re: SSC - Sultan Corporation

adobee said:
back in business this morning busted through 3c and looks to be marching forward again.. appears the bot seller holding the price around 2.7c has gone or been smashed..
Click to expand...

Looks like the bot is back and hasn't had it's fill yet. He/she/it is preying on a weak market at the moment.
 
Re: SSC - Sultan Corporation

its a nightmare.. everytime I feel confident we get either hammered by this seller trying to force stops or the market takes a bad turn.. I expect news will get rid of the bot and take us up but only if there is confidence in the market, if its doom & gloom and people are moving quickly to cash I dont think it will matter what is announced...
Should see some news of peelwood moving ahead now following appointment of developement manager.. Holding on and have my fingers crossed..
 
Re: SSC - Sultan Corporation

Definetly broken out now.. those who like the Outstanding Break Outs may wish to take a look.. believe a triangle has now been formed for those which are chartists.. Either way looks like it could have broken through and be ready for a move upwards..
 
Re: SSC - Sultan Corporation

small retrace and retested the high today ..
Looking forward to a big day tomorrow IMO

Quarterly report leads to some conclusions that news in regard to Mont project will be forth coming soon.. FIngers crossed for a JORC without drilling ... (Is this possible ???)
 
Re: SSC - Sultan Corporation

great buy for you adobee.

if announcement comes out sometime this week you could see a high around 5cents imo.
 
Re: SSC - Sultan Corporation

9.2MT Jorc Announced
12 months ahead of schedule
$2mil exploration costs saved
Next step start BFS

Increase in jorc with further drilling ..

Hopefully news is not factored in already and we see a further upswing today..
 
Re: SSC - Sultan Corporation

Smashed on open .. as usual to much hype and gets sold down on news ...
usual storey these days obviously to many people new a few days ago..whilst normal punters get burnt..
 

Similar threads

System
BIG - Burrendong Minerals
Replies
1
Views
344
Dona Ferentes
Dona Ferentes
System
GHM - Golden Horse Minerals
Replies
3
Views
604
Dona Ferentes
Dona Ferentes
System
MHM - Mount Hope Mining
Replies
2
Views
609
Dona Ferentes
Dona Ferentes
System
FNR - Far Northern Resources
Replies
1
Views
1K
Dona Ferentes
Dona Ferentes
System
CGR - CGN Resources
Replies
7
Views
3K
Dona Ferentes
Dona Ferentes
Top