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31/03/18
09:28
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Originally posted by Petertkd
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According to last announcement, funding from CR will use for Canada Graphite drilling project + working at Manindi Zinc-Lithium project.
1/ Drilling at Graphite project:
Ann. said drilling within 3 weeks + average drilling time normally take around 6 weeks so time frame around 9 weeks since last announcements.
So around 18 April.
News from drilling may 1 week earlier or 1 week later. Expecting time is 11April onward.
2/ Manindi Zinc-Lithium:
Last Ann. also mentioned about further work on the project.
Ann. before the last mentioned about more Lithium discovery.
News from Manindi Zinc - Lithium project may comes out anytime.
3/ Graphite end user off-take under negotiations for awhile.
News expecting.
4/ Cobalt exploration, Cobalt acquisition also waiting for the News.
With the High demand for Graphite-Cobalt -Lithium around the world now a day MLS got HUGE POTENTIAL.
5/Last few weeks MLS chart keep building up inner strength, even when SP touched 0.3c at 0.3c - 0.4c level.
At this level, 0.4c - 0.5 c, especially now SP trading at 0.49c average with more purchased with big parcels at 0.5c .
The supply at 0.4c disappeared on last few trading day. The demand at 0.4c yesterday reached to 152mil/s from 4m/s weeks ago,at one stage on the depth.
Sell side at 0.5c thinner, from 154mil/s weeks ago came down to 104mil yesterday closed.
All these, the tremendous break out picture for MLS not far away.
Will see and have to see in April.
Hopping, Expecting,Starting Early April at 0.5c -0.6c level.
How high MLS can fly , 1c - 2c - 3c , up to results, effort of management team and bit of luck of all share holders.
Fingers crossed and wishing...
The best and safe Easter to everyone.
Cheers.
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Nice analysis Petertkd ,
From a technical perspective .003 Cents looks to have held (providing the higher low), & many indicators are turning bullish, with volume looking to build ATM.
Weekly chart: tells the narrative, looks like top up time
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