Early warning on this one ... could be too early but it looks ready for another move soon.
PNR (Pantoro)recently offered a scrip takeover of the remaining 20% of their Hall Creek project from BNR (Bulletin).
The deal is still waiting shareholder approval etc but looks almost a certainty to go through with the 2 largest share holders of BNR holding around 50%.
PNR has been steadily accumulated after its recent run up and low volume test, and the volume interest has been increasing at the current price level ( a lot of buying at the highs today)
The Halls Creek project is projected to achieve 750,000 -1 million ounces of gold given the large overcall and increase in reserves being found in these early stages of production .. High grades and good widths
Given Gold looks positive over the next 12 months this one could well be a nice little mover given the quality of the project to date.
ps I currently don't own PNR but will if the scrip deal goes through with BNR (1 PNR share given for each 2 BNR shares held)
I posted this back in May and am not posting again to blow my trumpet as my trumpet often goes out of tuneRather to point out that even though this has risen 100% in 3 months it still looks like breaking further to the upside based not only on Technicals but even more so on Fundamentals ...... Its a Gold stock/story worth doing some research on. In my view it is possibly the best speculative Gold stock on the ASX (it is already a Gold producer so my opinion is not based on whether they will make money, but how much money they might make ) It wont surprise me if its into the mid 20's in another 3 months if Gold stays strong.
The Chart then and the Chart now tells the story!
Does anyone else think this is a no brainer, with a stop just under $5, target $8 or should I reserve that label for myself.
View attachment 67682
I do not own, but think I should before it runs away.
Cheers,
Wyatt
https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=LAU.AXLAU @52c +4% on 400k vol today.. potential breakout alert as approaching new high's... shows 37 buyer's vs only 7 seller's
Please DYOR
tela
Nice work Barney. I got into this one about a month ago and am very pleased to see how it is going!
Hopefully more in store...
Clearly the winner in the mining services sector would have to be BKN!MAH (12 month) potential breakout at 0.135 to 0.14
BLY looks good also...
MLM price/volume action yesterday suggests that a 'potential pop above .04c' is imminent imo (massive volume a couple of day's ago.. and yesterday held .037c on 'next to nothing' price/volume retrace).
A 970k bid has just popped up this morning @.037c!
DYOR as always...... Cheers tela
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