RE: RE: Big crosses = Fake Volume There are number of factors that you have to watch which will influence the share price. The most important is the fundamentals of the company. Breakeven point where they stop burning cash. The company has cash of $130m that is $.14 a share. So value wise the stock is trading very close to the cash on hand. The burn rate is not that big because they have stopped expansion. So take over if any will happen at much higher price.
Problem is that the company is SA. Which has power, labour & other issues. I do not like mines in SA. They trade at a huge discount. Constant bad news coming out of the country.
Besides break even being a trigger for share price the commodity price is another important trigger. So you have to monitor the commodity prices.
In the mean time follow the technicals. Last month the stock had created a golden cross. But it is not looking good as the moving averages have started to curve lower & the golden cross may fail. The stock is very oversold now & should start to bottom out last, the support area is $.12 to $.13 where I will buy & flip some shares for a few cents till it starts to move up. Do not believe in just buy & hold. I have to make some money while holding.