Applied Minerals Inc (AMNL)

[fromtheuk]

I don't normally put much by TA on OTCBB stocks as they tend to be more semtiment than technically driven, however ALMI is one of a few exceptions to the rule.

Why ?

1. because the stock is over $1
2. the float is sensible at 48m (not 2 billion + as in some)
3. it trades at a reasonable daily volume in that a purchase of 100 shares isn't going to increase the price by 20%
4. I'm fairly sure some institutional investors are in the stock
5. A good percentage is owned by insiders as either shares or options

So could this go to about $2.50 in the next few days without any news?....

Sure it can. In fact it probably will. My personal calculation came in at $2.40 -> $2.50 just by looking at the chart.

However there is something else going on here.

New equipment at the site ready to go (or very nearly)
The seperation process in patent pending (need an update pr from ALMI to say if this works and is ready)
Loads of industries been consulted about the nano properties, with some having already gone through successful testing.

When the first sales are anounced most of the value will be already priced in. in other words the stock will go up significantly before any large quantity sales are announced, i see this around $4-$5. And now it looks as if these sales are just around the corner. What I really need is some real pricing structure i'm working on $1000 per ton (nano) and $450 per ton (conventional) but this could be way way out.

$4+ by Christmas, possibly sooner (sentiment call)
$2.40+ by the end of next week (Pure TA call)