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C79 technical and fundamental

stage2trader Pro 18 days ago

$C79 provides devices to gold mining companies that allows the mines to get faster and cheaper gold content results from rock samples. With all the major gold miners reporting record profits (queue the super profits tax talk from the government!) they will be cashed up to buy gear from C79. Several gold companies thus far have reported having over $1B in cash and bullion. Gold price also on the rise.

I also like the technicals from C79 and have just added to my existing position. I find the weekly charts can reduce much of the noise ala David Ryan.

The technology came out of the CSIRO and I have met the founder at a conference. Their recent results where good.

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