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I read a rumor that there was a meeting on Monday - don't know if it's true or not. I personally think we will see news Tuesday morning before the bell BUT I think it would be better for the pattern if we received news Monday morning.
the last run was parabolic - I don't think the stock knows of being conservative :P
L2 only shows 400-500k but there will be 1mil+ to get there at this point. The blocks holding us back right now are intentional - they are designed to finish the chart in a way that will keep the pattern true and lead to tomorrow's harami.
but you originally said 150% lol
I calculated 250% upside from previous low close (.0055) to previous high (.0199). Apply that to whatever close we have today (and confirmation via bullish harami tomorrow) and you will see a PPS valuation without news!
The chart alone will propel us to .05 unless a major support is taken out. News would double that prediction and we would likely see .10 on any market correction (to accurately display realtime valuation).
Again, it all depends on the news. I expect that the deal will be finalized and production within 6 months. If that's the case, assuming a $500 million valuation, we're looking at .25 easy. The PPS would continue to increase slowly after that until production begins. If they don't buy the mine outright, we may have to split any valuations in half, but that's not a huge deal atm. Proper news will skyrocket this stock.
It's not a big jump and here's why:
The close on 2/15 was .0055 and the following day, a bullish harami was formed. From the .0055 close, we traveled to .0199, an increase of roughly 250%. If you measure a Fibonacci retracement from .0199 to .0055, the 50% retracement level hits our exact low today (.0124). We have since bounced off this low. If the chart pattern stays true, whatever our closing price is today (with confirmation through harami candle tomorrow), we should increase 250% from that point. The timeline fits a Tuesday power day IMO.
Let's say the close is .015. 250% is a little over .05. My prediction is not so far-fetched. I have been doing extensive chart analysis for the past 30 minutes and I think the chart pattern does not waver. An .014 close is actually the final piece to my puzzle - the previous retracement closed right on the upper bollinger band. An .014 close would emulate this same pattern. It's not a must, but it would help a potential harami tomorrow.
I'm not mindlessly pumping - I'm providing technical analysis that could prove beneficial. If it doesn't work out, oh well. I'm not suggesting you buy or sell this stock. I'm just providing analysis that I'm using for my benefit. :)
As an addendum, take a look at the 60 minute chart. We have consolidated to the SMA 20 (.0145) quite nicely. I'll amend my close to .015 or .0155 and I think we will see .018 at tomorrow's close to set up the harami. We haven't broken the major support line on 60 minute - GREAT sign!
Basically, you just saw the bottom put in for the next leg. We will probably close .014 or .015, then we will have a low volume green day tomorrow that creates a bullish harami (.018 close tomorrow imo). Monday will be the continuation past .02 and Tuesday's news will propel us toward .05 (or if the news is very significant, .10+).
What you're seeing is the chart doing EXACTLY what it did on the previous leg - 2/14 and 2/15. Take a look at the daily chart for reference.
Consolidation is good for the chart - you're not losing money in vain atm. We're all down today but the bigger run makes the smaller "losses" during consolidation worth it. Just don't get shaken out and when the news hits, it's going to be siiiiiick.
On the 15min, MACD is resetting @ 0 and Full STO indicates that we're nearing the bottom (.0145 or .015). Williams % confirms the oversold tendency. We will likely continue to consolidate but we will trend higher until all indicators spark the next technical run. JMO
MACD and Slow STO have crossed, I think another push above .02 is imminent.
haha I was just giving you a hard time - it's no big deal!
I guess that chance is 0% now!
I took 7-10 days as business days. Beginning last Wednesday, tomorrow would be the 7th business day. So I believe that it can come anytime between now and close of business next Tuesday.
Tomorrow morning starts the 8-k clock imo. It's likely that a PR will come as well. A positive 8-k/PR REALLY gets this going imo.
So basically, there's a release deadline that all brokers know about and there's also an extension that only some know about...
I was thinking of grabbing a position here but it seems that I might be a bit late now. Buying shares after the deadline is essentially worthless, right? It'll be interesting to see what the judge's final settlement will be. To those far more knowledgeable on this board, what is the consensus potential gain for those holding (and releasing their stock for the new company)?
I have a feeling that you will be doing a video chart on GDSM today. Am I correct? :)
I knew there was going to be a pullback today! I should have trusted my gut earlier when I was attempting to flip and add extra shares as a result. Oh well, I'm happy with my position nonetheless and unless I can accurately peg a massive shake in the future, I won't be selling until after the 8-k comes out (and potentially a better valuation can occur)
You'd be better off trading options with that crystal ball ;)
The consolidation during this midday hour has been excellent. I am looking forward to a .02 break this afternoon.
Don't get carried away lol. If this stock continues its strong ascent (with consolidation occurring during breathers), all we need it an .02+ close and we will form a new base tomorrow :)
I'm not going to lie - I sold out of my position earlier (50% profit rule). I thought I saw a potential dip on the 5 minute and was going to reload there. But the train kept going, so I reloaded slightly higher. Lost a bit of shares but no biggie - this stock has an incredible motor. If favorable news hits regarding financing, etc, this is going to be an intense ride imo.
I'd better see a 1.5mil buy at open like you said you would produce or it's all hot air! :)
The .01+ close will attract a new breed of investors - the kind that only trade non-subs. We broke multiple significant barriers today (chart-based and psychologically-based). Volume continues to remain very high and buys outweigh sells. Our consolidation periods are short and our PPS increases are explosive. I expect that many eyes will be on this tonight, doing research and trying to gauge an excellent PPS to enter tomorrow.
I suspect we will either see two things tomorrow morning: a pullback to .01 and then we break .011 OR we break .011 right out of the gate, consolidate around midday, and then push toward a HOD/HOY once again. Regardless, we are in a great position for an 8-k filing soon.
The only resistance now is .011 (current HOD). Support is .009, .0095, and .01. It's hard to predict what will happen in the morning, but we continue to move higher in the strong uptrend and I do not foresee this reversing before 8-k news.
We don't need a breakthrough of .011 today. All we need is to keep above .01 and it becomes support tomorrow. This stock is trending beautifully as we approach the 8-k filing. Speculation and rumor alone will push this stock higher almost every day. We just need to be patient, consolidate, and wait for the next push up!
I slapped .011s for 320k. I'm out of powder for the day :(
The only resistances in play are yearly highs and psychological barriers. .0095 and .01 will be our resistances tomorrow. Anything over that level and we break out until profit takers begin selling. This will occur as the chart becomes overextended. The pullbacks will be gradual if the increases are gradual. The reason ATR* sustained its strength is because of the controlled move north. We can easily run parabolic on favorable news, but that might lead to harder pullbacks. I will be ready for anything regardless, but a controlled run up to psychological barriers is what we want for this stock - especially if the timeline to begin extraction is a bit longer than originally anticipated. The main thing we need confirmation on is the valuation of the mine and the financing with which to begin the project.
An 8-k that provides favorable information, with regard to financing and NI 43-101/production and extraction of gold from the mine, means that we can begin valuing this company based on the estimates given. As the company ramps up their efforts to begin mining this gold, you will see the price increase rapidly. I'm looking for a 25-75% valuation against total NAV until mining is in full swing - we should then begin trading a level close to NAV.
Until we know the true estimated value that the company expects to grab, there cannot be a proper assessment of future price. Based on conservative estimations of 300M in gold (and an O/S of roughly 600M), I think this mine could top out around a .50 evaluation. Again, that's just conservative and my figures might be off a bit (I need to do some hardcore analysis tonight because we're drawing closer to an 8-k filing). If the 8-k reveals that production and extraction will begin in a few months, I would suspect that our PPS would rise to .25 very rapidly. If we're looking at a timeline that begins production in a year, we are looking more at .10 short-term (and increased as we draw near the timeline).
In terms of the speculative play (as we wait for the company to release more information), I think that we will see a strong surge in the morning over a penny. There will also be a pullback and consolidation period either tomorrow afternoon or the next day (RSI around 85 or 90 - Williams % is -15% (overbought)). We will continue this pattern until the news changes our pattern.
Any other price valuations or people asking for "advice" of a valuation is simply silly - we can only speculate at this point and until legitimate data is released and analyzed, all valuations (and even my own) are baseless. All we can do is hope for the following:
- Uplisting (as the company has said they would do)
- NI 43-101 (providing meaningful data that can be analyzed)
- A timeline/plan for the extraction to begin
- Completed financing and/or complete buyout of the mine from its previous owners. I'm personally hoping for an external investor to pony up the money (3.5M) in the form of a convertible note, rather than the company issuing stock to pay off the debt (they would have to do it now, meaning more shares entering the O/S than if the PPS were at .10-.25)
All in all, this can potentially yield 50x profit. Whether or not the company delivers in totality is the question. The above post is not trading advice and I am not an advisor. You buy/sell this stock at your own risk. I am long and currently hold a position in this stock.
It clearly says: 'being completed'
being completed =/= completed.
I agree. On the 60 minute chart, the upper bollie and the SMA 5 are pushing the ceiling every hour to perfection. If this continues, we will see a penny in 60-120min. If the price dips under the SMA 5, I think we will level off around .009 at EOD. The daily chart may need to consolidate early next week but maybe not - it's hard to tell with this stock!
I added more and I amend my earlier statement. Based on the 60 minute chart, I think a .01 hit is achievable today. If we were to ever break .01, we could see panic covering and crazy buying.
Once we break .027, I think we might see more momentum!
I don't think we see pennies today. Based on the technical chart, I think we will see 8s but we will close in the low 7s/high 6s. This chart does not overextend and if it does, it has a major pullback the next day. We saw this earlier in the week - upper bollie is at .007 and SMA 5 is at .0063. Major shake will touch .0063 and a good resting spot for this stock today is right at the upper bollie (or slightly higher)
Depending on my other plays, I may add more here tomorrow. I'm riding mostly free shares atm (the principal left in equates to a .0012 entry LOL) but I believe this can run quickly next week and I don't want to be left behind! :)
No, I didn't say that. I think we can go as high as .008 or .0085, but a pullback from that area is also equally likely. That's what I mean when I say overextended - sitting above the upper bollinger band for a length of time (i.e. days) is almost not possible, unless you are ATRN lol. I would love to see a .007 break early, hit or pass .008 and then sit around .0075 EOD. That would be a brilliant setup for a penny break next week.
Also, based on the daily chart and the assumption that we will close above .006, we are looking at an upper bollie of .0067 tomorrow morning. This means that we will likely see a base form above .0065 (.0067-.0068) and we could overextend as high as .008 or .0085 tomorrow. I wouldn't want to see more, due to the fact that as the chart becomes more overextended, the more likely people are to be trapped in a sell off.
If anyone is orchestrating any buying, wait until right before EOD so that MMs don't have a chance to counter. I'd buy in bulk last 2 minutes and try to stave off a paint down.
Whomever it is, I thank them. I don't want this chart falling apart because the stock overextends and leads to a stop-loss sell-off that cripples the chart. Slow and steady...
I wanted .022 :(
I settled for .024 because I know we will soon head past .03 and towards a .034/.035 break