GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Appendix 3B - Conversion of Options, page-11

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  1. 1,063 Posts.
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    To hard to call that one. The DSO announcement could happen at any time. Volume will push this up again. Low volume will see pip or two drop in my opinion. Don't expect big things too fast. We just experienced a breakout into highs of 2.3c from a long period in the in the sub 1c range. This is a really positive move.

    Here's a very basic chart. I'm no expert on TA so please take what you see and read at face value. 1.8c seems to be holding up as a base for now. The long green candle to the low at 0.015 yesterday (white arrow) was a bit unusual. I saw the dump, it was quick, but bounced immediately.

    You can see a long period of reasonable volume over a tight range (boxed). That's a pretty good soaking. The funding announcement on 26/10 (circled) got the spark lit, and quarterly on 1/11 got things moving (circled the volume spikes from each announcement).

    People like any mention of funding, sales and stuff getting built. That's probably why there was a bit of a dump today, because we're expecting that DSO announcement.


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