Like the fundamentals of the company - could easily swing in to production in a very short period of time. The company has cash and not too many shares on issue.
The size of the buying has been amazing, with institution money obviously flowing in while setting a barrier at 15c. The market depth looks highly light on with sellers now with nothing above 20c.
Tech analysis shows an almost perfect example of an upward sloping triangle getting to the last section.
So, a break above 15c looks highly possible.
MUM Price at posting:
13.1¢ Sentiment: ST Buy Disclosure: Held