SL1 0.00% 0.0¢ symbol mining limited

Ann: Macy Scoping Study Update, page-258

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  1. 3,756 Posts.
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    Just checking the chart, highest volume today since July 26th, with the apparent cap at 2.5c it's been doing some serious churn down here doing another ~1% of the register today.

    While I won't say it's a gimme the chance of a significant run from here is becoming more likely by the day, on the announcement that mining was to start nearly 10% of the register churned in a day, would expect to see a somewhat similar response to the first shipping  announcement which has been flagged for 'early this quarter'.

    The flag forming gives an initial target of 3.2c which coincide with a resistance point. From there it's high 4's before any further meaningful resistance.

    CZL which is likely the closest peer comparison is sitting at around $27m MC and still IMO cheap. SL1 about to make their first dough and sitting at $14m MC after running up hard on their  first shipment announcement.
    SL1s.PNG
 
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