Lassonde Curve Suggests Aguia is Primed for Upward Movement
Gold had a good rebound last week as we had expected, while the discombobulation being stoked by Trump is not showing us any guidance. At this point he is all about attention seeking and he is certainly getting plenty of that. Perhaps the most significant realisation so far is that Europe has to stand on its own two feet. It needs to take initiatives for the future that don’t rely on the USA. Maybe a wakeup call is a good thing as this could be a strong source of stimulus for countries in Europe.
This week our approach a little different. While we have previously said that Aguia's Santa Barbara Gold Project does not fit comfortably within the ASX compliance regime, meaning the Company can't always say what it would like to due to Chapter 5 of the Listing Rules, there are a number of positive points that benefit the Company with respect the timeline of delivery to shareholder. These are tabled on page one.
We have also taken the Lassonde Curve that companies often refer to and modified it to match the Aguia timeframe. It offers some interesting observations regarding future share price direction.