Ann: Quarterly Activities and Cashflow Report, page-16

Lot going on here until results give indication of when further action will take place. Still sitting in mid range of support and resistance over the last 30 days based on broker buying in the main. While a few indicators display come May go away, the underlying trend should see it skid along and maybe a few selling for tax purposes which assists the underlying accumulation brokers have been doing. Its the time of year I tend to top up on stocks I view as having speculative potential while they are in their infancy while others rationalise their portfolios.

Looking at the point and figure charts, real resistance is about 1.4 cents. If we tag along the 15 day ema, then any decent news could pop it past 1.4 and head toward 2 cents and by pass a very minor triple top we have not reached to date.

Still sitting well above long term averages, so I would only think people will take the opportunity with a pull back. Percentage falls look bigger than they seem in pennyweights. Its a question of: if you can buy enough or sell enough to make a profit given the market depth and liquidity. Never seen a broker buy with the intention to make a loss. Definite long term hold IMO when buying around the average price.