60c is immediate resistance - if the SP remains above that for several days = a consolidation. "Key short term resistance" is the recent high 65c .... major resistance is 76c .... if that is confirmed by consolidation and 80c becomes support, then we have a breakout and 'Blue Sky" (BS for short) targets start to resemble the halcyon days of SLR like 100c, 200c, 300c, 400c (the all-time high) ...... "tell him he's dreaming" ....... if the POG remains firm , then 80c is very achievable for the merger entity this year, and other targets will depend on the SLRDRM maintaining growth and productivity and paying dividends (if they don't do the latter, like NST, then they are saying things are not sustainable and SLR merely exists for the benefit of employees and the WA economy). My gold goals are modest .... I won't sell before the merged entity is settled and institutionally backed, but sell I will.
SLR Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held