Keith Coughlan Managing Director of European Metal Holdings speaks to Share Talk today about the Cinovec project in Europe. This is a company Share Talk has interviewed, followed for over the past year and has returned true share holder value. We see what Keith’s thought are for future growth for the company and what he plan’s to achieve in 2017.
We highlight the results of the latest drilling results which have proven to be above the expectations of the team. We talk about the grades and minerals found and how that fits into the production strategy. We discuss the project development going forward and the expected news flow to see what 2017 holds for investors.
Figure 1 – A geological map showing the Company’s drill holes against surface geology and subsurface greisen bodies projected to surface (in green). Historic UG workings and drill holes not shown.
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Part of our research was to attend a business meeting with European Metal Holdings back in Feb 2016, London. We meet with Keith Coughlan, CEO and listened to his description of the company, future road map, the share price at that time was hovering just above 5p.
Today to help investors understand companies trading fluctuation, patterns we have added a yearly EMH data chart that can be use as guide to help the investor with research.
New feature from our In-house Technical Analysis, Charter & Interviewer.
European Metals (EMH): Broadening Triangle
Although we only have just over a year of historical data to go by it can be seen how this stock has been bullish from almost the start. This can be seen from the break above the 50 day moving average then at 7p at the beginning of March last year, and then the unfilled gap to the upside through the 11p zone in April and a gap through 15p the following month. Unfilled gaps to the upside are typically seen in the most bullish of situations, and European Metals has certainly not disappointed in this way.
The vehicle for the rally over the past year has been a broadening triangle, one which can be drawn with its resistance line projection heading as high as 80p. This is the 2-4 weeks target currently, especially while recent implied support at the floor of a February gap to the upside at 55p remains in place. That said, to assume that the upside here will be limited to 80p despite the overbought RSI indicator over 80 might still be a mistake given the massive positive momentum clearly in force here.
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