Another positive story...
Can't get enough of this stuff :)
Also, forgot to point out that the guy from the previous story complained about the low volume - well, thank goodness, because the volume was high because of sellers - glad the volume slowed down (sellers stopped).
It didn't stop at 60 so much because of resistance, as it did because 4pm came and the exchange closed....should be interesting to see how next week goes. Hope no one takes profits this early in the game...
Too, he failed to point out as well that the last couple of days on the ASX were around 600K shares, which is WELL above their average recently - one day they didn't sell any!, and another is was only 10,000 shares.
Anyways, here is a snippet from the latest article to appear:
Minews. Enough chit-chat, time for prices, starting with the best of the movements and any companies that are doing something newsworthy.
Oz. Among the gold companies that caught the eye last week was
PMI Gold (PVM) which we took a close look at two weeks ago. On Wednesday PMI it reported a fresh suite of encouraging assays from its Obotan project in Ghana. The best intersections included a whopping 125 metres at 2.18 grams a tonne from a depth of 271 metres, with a rich eight meter zone towards the end of the hole running at 19 grams per tonne. The data from the current drilling will lead to a resource upgrade in the September quarter. On the market, PMI added A11 cents to close the week at A56 cents, but did get as high as A59.5 cents in early Friday trade, which is handsomely higher than A48 cents the shares were at when Minesite gave the stock a kick along.
Full Story: That was the week that was...in australia
https://www.minesite.com/index.php?id=65&tx_ttnews[tt_news]=77343