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1.7¢ red emperor resources nl

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excitable2

3,352 Posts.

748

17/10/18

21:05

Post #: 36163581
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Originally posted by spinefx ↑

With the drilling of Winx not until late February next year and no other news on the foreseeable horizon, the market is taking the opportunity to wind back some of the early enthusiasm.

View attachment 1330923

With the failure of the share price to maintain support at 6c then 5.5c, after the sell down again in London(last night) this could find its way back to around the 4.6c level.

View attachment 1330925

2.5p = 4.66c. The good news at that level is that it will be over sold and there would be a reversal. Could be a good entry point for a trade. IMHO

Cheers, it's Friday.

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Got to be worth thinking about a nibble here @ 2.5p'ish but it would be a brave soul to go too hard imo, with the director background and low levels of liquidity.

Having said that, 15-20m MC sounds around right to me, as a leveraged punt?

Have I got my math wrong (again) you think, @spinefx , or anyone?

Just pondering away whilst I do some Wednesday night 'plastering'

RMP Price at posting: 5.0¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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