ADT 2.16% $4.08 adriatic metals plc

Not enough data mate and too much confirmation bias at this...

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  1. 7,689 Posts.
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    Not enough data mate and too much confirmation bias at this stage. The ta boys will be out. I expect test there is an uptrend at 45 resistance on closing sp but once again not enough data. Asmiberalised and shimer has mentioned plenty of hits and misses to be expected. No one side as we keep on hitting premium grades meaning getting bang for the ore. Let’s c how this pans out. I think people are overreacting. The current sp is based on st movements and momentum based on the plunge. If we had more exploration expanding this with results incoming the price would have breached 60 c. However due to rai the weaker nth east is getting the attention which one would expect to have a low probability of success. The jb drilling brings the unknown. Hence people capitalising on profits. Reducing risk. No harm. Every stock that has a stellar run on continuing results will have pullbacks. So far this has had a rerate wherevthe range is 40-60. I would want to c some strength in consolidation especially around the 40-50 as there is too much ease in breaking supports.
    So already so far the company is on better value. Keep delivering on drills and the sp will respond in due time.
 
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$4.08
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