CJO 0.00% 13.0¢ cerro resources nl

at what entry should i buy into cjo, page-13

  1. 175 Posts.
    Hi Stockings, Whatsnext and Bolkin,

    This chart below would give us an idea of the upside and timeline of this stock


    It has taken a very high volume to breakout of this 30 cents resistance especially in the last few days. If there is a pending announcement it better be very as the price movement suggest. If they are to readjust the pricese of gold and silver in the feasibility studies it would be good enough to produce this kind of price action. Imagine with the silver price now they would have reduce cash cost tremendously maybe in th eredion of $300 per oz of gold after silver credit depending on what silver price they use.
    There would be enough momentum to break 45 cents and maybe 70 cents resistance if they were to follow up closely with another announcement on debt funding.

    Cheers and happy investing
 
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