SHE 0.00% 0.8¢ stonehorse energy limited

Hi All So what is happening at the moment? Despite the sell off...

  1. 461 Posts.
    Hi All

    So what is happening at the moment? Despite the sell off at the junior cap end of the market (check out what is happening to the market darlings AZK and ERJ - I don't hold either of these so I'm not cross promoting) SHE is holding up quite well. On my reading of the five day chart we've got low volatility on the Chaikin's Index and according to the Relative Strength Index SHE is definitely not in overbought or oversold territory. Given this, IMO, we can in all likelihood trust the firm 5 day movement up from around 3.5c to around 3.9c.

    Holders of SHE seem to be kept well informed by this company and as a result are prepared to hold out for higher prices even if STM trading. IMO even if you have bought in higher than 3.9c there could be considerable rewards in holding long term. Of course DYOR but IMO if SHE can demonstrate low cost, easy to deploy and easy to maintain renewable power generation, right around the globe, and commercialize a high grade lucrative and potentially large U308/ Vanadium deposit in Korea, then this company IMO could become a blue chip stock very very quickly. If I'm right holders who sit tight might enjoy life changing gains from this company.

    All IMO and best wishes to long term holders.

    Regards,

    Chilloutman
 
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