5.6p / 8.4p Targets GAP TO FILL #copper mid term It has been a long & painful timeline to say the least with ARS but I think finally we are now on a good turnaround for the company.
Bear in mind that BoD have bought shares all the way up & same as Asipac.
We have now a new partner Aeturnun Energy which has recently bought into the company.
Aeturnun Energy 19.99%
Asipac Group 8.16%
Namarong 3.93%
Tony Manini 3.10%
Closing above 3p I see 5p ish not long after
Plan to slice some at 5.6p but keep my core holding as long term investment.
Mining
3.50p/5.15p target 3rd swing Summer 2020 - BULLISHCheck timeline properly.
Every year around spring a swing starts on the upside as we kick start drilling operations.
BoD are all aligned with shareholders at a much higher price, why? because they believe in the project.
We ask ourselves why they would do a placing now? Because that's what normally mining companies do ahead of drilling as they need the cash.
Why BoD didn't go in at a cheaper price? Perhaps they are all inside & can't buy. Bear in mind Directors (non-NED) have all about 10% together.
plant operating, high grade oxide deposit drilled (CE) & found massive sulphides.
Barrick as potential suitor for the company as a partner
Lumwana mine. It processes lower grade ore and has high costs as ore is I believe contaminated with uranium. 100km from Arcm!
CEO Bristow likes doing deals. Sees copper as area to move into
$WPM can rise in the next daysContextual immersion trading strategy idea.
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $41,00;
stop-loss — $40,50.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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XAUUSD GOLD Long Term OutlookFirstly, If you like my analysis, please leave me a " like "
It is forming cup at the moment. And if it will pull back will be forming "cup with handle"
Of course there are several options that the price may follow such as, it may form only "cup", or may do a fake breakout pull back and continue. I will try to explain how i see the movement.
The price started to stall or will on $1793. and pull back is expected to 0.38 or 0.5 of Fibonacci level. For its healthy, I would expect a pull back till around $1400. Target Price will be around $2275.
If the price decides to rise up till pivot, the pull back is expected till around $1500 and target will be $2500.
As a results, technic may say too many targets and may give different outlooks. I am not advising you buy or sell, just share my how i look might help you.
Asanko Gold $AKGAfter brokeout, pulled back to pivot support and holding above so far. Pull back may continue align with the GOLD price.