cast your attention towards mls perhaps, its begining to run a little, up 9% on the rize in Zn, they also will announce increases in reserves of Zn, some news on Uranium in namibia, and there is possibly news on Sherlock bay and the nickel project both of the later have not been factored into the sp.
i recently dropped 20k on it just for fun, and i hear the run its about to take may go for a good few weeks.
If you re read the announcement, restructure only takes place after sharehoder approval and this is likely to be around June. Todays rise was on the back of speculation from Andrew Forrest investing in the company.
AOE breaking out on positive news... again. Appears to be pulling the sector up with it, and a number of the CSM stocks are now potential breakouts also. VRE also continuing its strong run today.
Maybe, but not yet really. Old intraday high was 11 cents. If it holds by end of day at 11 then yes. Probably needs more volume too to be 'outstanding'. Maybe 'potential' breakout atm.
Everything's breaking out, but this is more significant than some I feel. It's had a long time run down hill and recently found sand at 10 cents. Looks to have turned and just broke resistance on the turn at 14. Perhaps the break through 13 on vol was the break up, but confirmed now for me.
All these potential breaks, and actual, could fail with market pullback of course. XAO up 1% today on....?? Concerning.
Iv said this several times before but ill say it again.
Why does there have to be reason for a rise?
Why does there have to be reason for the market to do anything that it does?
There doesnt have to be a reason.
And even if there is - it doesnt have to make sense.
The market can remain irrational longer than you can stay solvent.