Maddag - Results out tomorrow. It will move tomorrow, guaranteed.RSI and MACD not looking too great right now, but who knows. The move could be up. Good time for a punt with a tight stoploss today for low a risk trade tomorrow. Tangible net asset value on this one 500c - impressive, but dept levels like most small miners out there is a problem.omo
Have you ever seen a junior miner share with 0% movement after results are published? No crystal needed for that. Just look at SNU chart and plot results dates and see what happened on day of publish and days after publish. Definitely more movement that usual - spec short term punt I'm looking for, nothing major.
The results are pretty good, I will say - and there is still the prospect of an R88m cash injection, assuming the former director being sued has not blown it all on booze & wimmin. The real value in SNU lies in their coal mining assets - which have been factored into their NAV, I think. And this is the part that I am not too keen on, because I have long ago learnt not to trust early stage mines - because of the inevitable capital injections that will be required.