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Playfair Mining Ltd V.PLY

Alternate Symbol(s):  PLYFF

Playfair Mining Ltd. is a mineral exploration company based in Canada. The Company’s main business is the acquisition, exploration and development of natural resource properties. The Company has interests in various properties in Grey River Newfoundland, Rostvangen-Kvikne-Vakkerlien Project (RKV Project), Folldal Project and Osterdalen Project. The Grey River property is located adjacent to the fishing village of Grey River (population of approximately 350 people) on the south coast of Newfoundland. The property consists of nine mineral claims (1,750 hectares). The RKV properties cover 201 square kilometers (km2) in a mining area about 100 kilometers (km) south of Trondheim by road. The RKV Project covers three Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. The Company acquired exploration rights on the approximately 216 km2 North Osterdalen Project.


TSXV:PLY - Post by User

Bullboard Posts
Post by FibsNemesison Jul 24, 2007 3:21pm
350 Views
Post# 13142312

TECHNICAL SUPPORT LEVELS

TECHNICAL SUPPORT LEVELSusing the rough "eyeball method"...looks like "GAP" support exists around the C$1.08-1.10 GAP ($1.10 is the low so far for today, and the GAP high point). The 29 June-03 July GAP on the charts has not filled yet (80% chance exists that it will fill---maybe today? maybe tomorrow?). Many times, once a GAP such as this fills, the price shoots back up. Why? Lots of technicians place buy orders at $1.08 (or IN the GAP) anticipating the 80% probability of the GAP filling....history shows GAPS tend to fill. Now, if C$1.08 fails to hold when/if the GAP fills, looks like the 50 day moving average (DMA) provides the next area of strong support, it's now roughly around .92-93 cents. Those hoping to buy in at the 50 DMA may not get their chance if PLY shoots back up once (if) the GAP fills. Any buy orders at 98 cents may never get filled. FWIW that's my two cents...BASH AWAY if it makes you happy to do so...
Bullboard Posts