I have no target price for entries or exits as I trade with TA first which allows you to stay out until things start moving
Volume and sentiment is the key I will be looking for(buying) and if it's strong enough I will enter(this applies to any stock)if it is together with fundamentals then it becomes even stronger..
I think what you are really asking is IMHO where will it go too?
I won't repeat what I think of the BoD but results alone are nothing of anything that can ever be mined and it looks like the whole tenement is full of great grade non mineable spots(which the BoD have milked the grades as much as they can)
It has now IMHO become a lifestyle company for the ones closest to the action
LSI is the killer, having $15m on tap for an exploration company with this mob means the game is already over for long term holders....
If they were confidant of finding the quantum needed to build the plant then they would of sourced this after and with a company that wants to JV
They are not confidant so they have just secured their future....
I see this drifting to 1.2
They will have plenty if spikes when they raise monies in the future and this is where I clearly see value...
Holding, you will have 1 or 2 opportunities to exit on pumped Ann's before the red gets to deep and then having to stay in with fingers crossed
LSI future raisings has told EVERYONE where this is heading
Gold will be the new play
ADV Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
