charts and valued experts, page-241

Looks like an overshoot on no news
The rumours bought and the news will be sold down.
If colinchi is right and its -U$20M cash to debt with edikan losing cash and Sissingue not yet commercially producing (they said from 31 March) then that means Q3 likely to dissapoint and Q4 May to July is when the ramp or gapup may happen,
Im surprised its gone to this top level right now and left SLR further behind now with a widening 9c gap.

Either SLR is too cheap or PRU is overpriced on the INSTOs dancing strategy of these 2 in the past 8 months. I have bet on both.

This is the 6th attempt to breakout of this annual high range 43-47.5c
I sold all mine at 45c as 5 times this range was sold down by the INSTOs and I cant see them changing their strategy, on the contrary once again we see higher volume here and fake 1M bids and offers appear and disappear but this time no news and no warrants converted unlike last 5 times we were at this range.

Last 2 times the gold price was at 1350, PRU closed at 43-44.5 with intraday spikes to 47.5 that got sold off and then 2nd time closed at 42.5 and couldnt get any higher so thats 4-5c lower than now for the same gold price which signals to me the INSTOs are playing their usual games.

If the PRU Board again under delivers expect another shorting crackdown as the last 5 times there was better news and a better gold price but got no traction at all & couldnt hold these annual highs.

So yes my tally is 12 of 15 now on PRU, got the last 2 ST calls wrong, but i can wait and watch.
Colinchi seems to be right to me, sorry to say that.