Great news! Tranche 1 and 2 of First Samuel investment complete at 3c for $1.5mill of a total $10.5mill funding package, and we are currently at 2.7Not much discussion about it on the threads so I thought I might kick it off with some charts. Well done to those that entered below 2.4c.
It has been trading in a tight range since the 3rd of November announcement, between 2.5 and 2.3.
Today it clearly broke out with good volume and closed on 2.7. I expect the market was waiting for confirmation that this was the real deal and they received that good news last night...its got a long way to go imo...should easily climb to the 3c placement price and into the mid 3c range. See the daily chart below:
The weekly chart shows what our target should be....anywhere between 3.3 and 3.7 in the short term...that is where the previous supply zone was last year...and I expect it will be tested with a very good probability this month. Note the weekly chart is also showing the breakout of 2.5c...another very bullish sign imo:
Looking forward to news on acquisitions and revenue generation
Market cap of roughly $21 mill, good luck friends
