Kincora Copper Ltd V.KCC

Strong Bid

[Chipshot2]

As of 7:40 am EST we have a couple of strong bids for KCC. This may be the day we see the stock price start to head higher again.

Looking at the chart for KCC we see an obvious Cup and Handle formation with the handle coming to completion.

I see the stock heading toward the recent highs ahead of assay results and then moving higher on the news, through $.20 and maybe into the $.30's depending on how srong the assays are. First one hole followed closely by the second which John believes will be more exciting than the first. (and they were pretty excited by what they saw in the core from hole 1!)

This stock has been sleepy for a long time but the news from Trundle should be a huge wake up call to investors.

Chip

[BueBoy]

Don't like todays activity - someone wants out pretty badly.  

[goldanalyst]

Can't  dsagree with you.....however I think I'll stick around for the official word....although the action before the news seems to indicate a miss...c'est la vie...still hoping for the best

[BueBoy]

Perhaps it's not a miss after all. Interesting observation of the core pictures by a knowledgable poster on Hot Copper.   "Ill try my best at a general description,it’s a very particular skill! In that 1st deep Trundle pic the vein looks like chalcopyrite in the centre with bornite possibly with chalcocite and maybe malachite(?) towards to vein edges. The pic at 708m

[Chipshot2]

It was encouraging to see the buyers come in late in the day yesterday, especially when you consider the holiday today. News on Thursday? If not early next week. Chip

[Morrison94]

I hope so, i got quite a few shares and got in when it was down around 4-5 cents, averaged up now but im hoping its nothing but good news