#STRATEGICMINERALS - Weekly falling wedge breakoutA lengthy downtrend may well be broken in SML, if this wedge breakout is confirmed in the next few weeks. But there's a thick Kumo (cloud) on the weekly to overcome to meet the typical wedge target - and that could take some time...
Fundamentally the company is relatively asset-rich (1 producing, 1
77.06 KEUR
2.24 MEUR
1.74 B
About STRATEGIC MINERALS PLC ORD GBP0.001
Sector
Industry
CEO
John Peters
Website
Headquarters
London
Founded
2010
ISIN
GB00B4W8PD74
FIGI
BBG002N6PSQ9
Strategic Minerals Plc engages in the exploration and development of mining projects. It operates through the following segments: Southern Minerals Group LLC, Head Office, Australia, United Kingdom and Development Asset. The Southern Minerals Group LLC segment involves in the sale of magnetite to U.S. domestic market and transported magnetite to port for onward export sale. The Head Office segment includes administrative costs of central operations and finances the Group's operations. The Australia segment holds the Central Australian Rare Earths Pty Ltd tenements in Australia and incurs related operating costs. The United Kingdom segment holds investment in the Redmoor project in Cornwall and United Kingdom. The Development Asset segment holds the Leigh Creek Copper Mine Development Asset in Australia and incurs all related operating costs. The company was founded on November 16, 2010 and is headquartered in London, the United Kingdom.
#SML #StrategicMinerals - Sentiment Returning?Falling wedge break (coinciding with a 78.6% Fib bounce), strong indicators on the weekly - what's not to like?
Wedge target shown (from initial height) coincides nicely with a fib line from each of the retracement and extension plots.
All it's lacking now is some extra volume...
1st target 2.31p once 50% fibs are broken - 20ma bounce todayIf we hold above trend line and above 61.8% fibs my 1st target is 2.31p once we break above 50% fibs at 1.88p
3.71p and a retest of ATH is quite possible to be hit later on this year if you hold after 1st target but profits will be taken at different stages on chart.
I believe there is a LSE confer
#SML - Possible Head-and-ShouldersWhile Strategic Minerals would appear to be a great medium-to-long-term investment choice based on fundamentals alone; shorter-term the chart is forming something very closely resembling a head-and-shoulders pattern. If this completes by dropping below the neckline then it is likely to continue to b
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