Not epecting profit taking to take the SP down this tme.We are over the 200 day moving average with desent momentum. Some reluctance to buy when the sp lurches forward like this but it was expected and called for. We will see further gains next week in my humble opinion. As posted previously, analysists are looking for movement towards $3.60. I am expecting to see sharp rises and slow declines untill Q218,
So what then. Well I think everyone likes a well run business that is making money and has no debt and has cash in the bank, but if we don't get a new mine prospect in the pipeline with good drill results then the sp may see downwrd pressure again. of course if drill results are good, were going to continue to outperform our 200 day moving average. Just my opinion.
Have a great weekend. DF