Check 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...
as we get closer and closer to 200ma & support level is being held I think scaling in is a better decision as we don't know when it will start motoring
Zamsort is an amazing asset & worth much more then £18m mcap
Hopefully a sale of Casa will give us a nice amount to continue operations for Zamsort.
Pretty happy holding & waiting for delivery.
Identified Key Support area of 2.50 - bounced off this on 25th Jan.
Watched and moved above the 50 day moving average with strength on 30th Jan for a good entry (sub 3.00), first resistance zone at around 3.60.
Currently battling the 3.60 zone but if confirmation of breakthrough next resistance zone and target looks like 4.05
ARCM is looking set to go, MM's are already releasing the brakes on the price.
Weekly chart set to close above t-line for 1st time since 10th Sep
Indications on chart on resistance levels.
Starting to make a trend reversal but a litle early to know 100%
T-line could well be crossing the 20ma = bullish
we need to hold the 20ma and we will have a nice run!
