Share Talk spoke to Roy Pitchford, Chief executive officer of Vast Resources. We explore the last years change in direction of the company surrounding its assets.
We talk about its various projects at Pickstone Peerless Gold Mine and Manaila polymetallic mine. We look into the aspects of work at Baita Plai Polymetallic Mine and the Faneata Tailings project and up and coming hopes surrounding news flow.
Zak Mir Chart
Although shares of Vast Resources have all but hit the initial target towards 0.8p derived from drawing a red line of resistance from August last year, it may be appropriate to look to see what is in store next for this recovery situation once the present overbought situation on the RSI scale above 70/100 cools off. Indeed, it is likely that we shall have a move towards the top of a rising trend channel one can draw in from the beginning of last year. This is currently pointing as high as 1.20p, a destination which could be achieved as soon as the next 1-2 months. As far as the technical strategy here is concerned one would probably be looking to buy any dips towards last month’s 0.55p zone resistance with only a break back below the latest swing lows at 0.4p really delaying the upside scenario.
The views expressed are the author’s own and all readers should do their own research and seek appropriate financial and regulated stockbroker advice.
Zak Mir @ZaksTradersCafe
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