It's good to see the price is heading south to consolidate. Most...

It's good to see the price is heading south to consolidate. Most likely, price will drop down to $1.04 to close the hourly gap which was created on the 19th, which also will create a new higer low. Meanwhile, market makers are going to accumulate along the way.

How do I know? It is actually quite simple: it has been almost a month that at every closure of trading day, someone put out few shares to sell at a lower price but during the day trading the share price was heading north. The market makers, commonly big instos, will do this to make retail investors to feel like the price is about to retrace and therefore sell their shares at the next day open (purely psychology). Those market makers will grab every dollar on the table (right, in forex, they will fight you over a pip!).

Currently, there are two instos under the spotlight and at least one is lurking in the shadow. The cross trade of 4.8 million shares at 89.5c says it all. What I would say is that ok mate, you are the boss and please grab your shares as much as you can.

Some posters mentioned about Kenmare and its over 150 years resources few weeks ago. I did some research on that company before and just felt lazy to type my answers. But I would like to point few things out:
overall mineral sand grade kenmare 3.4% vs Thunderbird 12.4% (highest grade area)
Zircon grade: 0.16% vs 0.9%
Question: is 58% iron ore only 4% cheaper than 62% standard iron ore? FMG will be happy to hear.

As to the reserves, please look at the production level or compare the reserves not how many years. If I were to mine Thunerbird, it would take 100,000 years. Does that mean Thunderbird is 2000 times better than in the hands of the curent management?

SFX doesn't just have thunderbird project alone but definitely it's a big one they have.

You always have to look at how the market makers would like to play this one. Morgan Stanley would like BAL to go up to $22.18 so it will be; wanted to short GXY as they said.

A footnote to add: BSE share price correlates to 30 months moving average and something will happen.....

Sorry Market makers to spoil your magic tricks.

All the best and do your own research.