Hi Milk, As in buying around 0.012 - 0.013c with the expectation...

Hi Milk,

As in buying around 0.012 - 0.013c with the expectation of making decent profit.

Even though I only came across this stock because of that broker report which claimed these guys were in the rare earths business...which as it turns out they're not, I like what I see.
What appealed to me was
>Recent volume.
>The 63 day MA crossing over the 200 day MA.
>Trading on the topside of the bollinger bands.
>The right resource at the moment imo (gold)
>A popular director with what people hope is the midas touch. (Even if they don't, the "hype" behind it will drive the sp for a ST trade.
>Market cap. $8Mil. Even if someone farts and there's a witness claiming he saw gold dust in it, the sp will rise.

I'm mindful I could be completely wrong too so have my stop loss price in place.
I'm being patient and if I'm smart, I'd hopefully double my money, sell half and walk away free carry the rest. Minimising the gains but risking whatever profit I choose to take.

Also looks like a bit of a head & shoulders pattern. Should do well if we see a 0.015c close.
Support is on the averages at 0.01c.
Long term support/resistance is at 0.018c & 0.028c

DYOR and have fun.