|
Let's Get Geared Up For Tuesday…
Kibush Capital Corp (symbol: DLCR)
Good Evening,
We are looking for our next triple-digit win and we might have found it.
DLCR is trading as a potent double-zero opportunity. The historical high over 12 months is a solid .28 and which means that at its current .0085 the company is a solid bargain.
Based on the short term 50 DMA we’ve highlighted a possible 117% upside opportunity for traders. What’s more, volatility levels have started to trend north with most recent trading showcasing breakouts as high as 7341%.
This strong showing is a big indicator that traders interest is ready to potentially push the play higher.
But perhaps most importantly, DLCR is trading with absolute rock-bottom RSI. The figure is insane (see technicals below) but suffice it to say, there’s only one direction this company looks headed potentially – up.
Make your move as soon as you possibly can on this opportunity. The chart setup is buzzing so the sooner you take advantage the better.
Technicals DLCR
DLCR is trading with a rock-bottom RSI of 3.60. This is bounce potential at its most abundant!
DLCR is seeing huge interest from traders and recently saw a volume breakout north of 7341%.
DLCR is trading with a 50 DMA of .0185 which means that at current valuation, traders could extract as much as 117% near-term upside potential.
DLCR has traded as high as .28 in the last 12 months. Don’t believe anyone who tells you this is a company incapable of big upside movement.
DLCR is even further undervalued over the longer term, trading with a 50 DMA of .0273. This represents up to 221% upside opportunity over the longer term.
DLCR has commissioned a report on its mining lease in Papua New Guinea. This is seen by management as a big opportunity to enlighten investors about opportunities in the country.
DLCR has a key gold mining asset in Papua New Guinea. The company also has timber interests in the country and a jade mining interest in Australia.
DLCR In the News
DLCR issued an update on its Papua New Guinea mining interest. The company confirmed the commencement of a Jorc/43-101 report on the Mining Lease 694/695 and pending Mining Lease 296/301 held by its subsidiary, Aqua Mining PNG Limited.
Ken Unamba, a member of the Advisory Committee, has been nominated to oversee this report. Vincent Appo, PNG Operations Manager, has undertaken substantial testing over the past 12 months on both areas and has enough data as a basis for assessment and review. Mr. Unamba will undertake additional surveys and sampling where necessary to provide further data to finalize the report to Kibush Capital.
Warren Sheppard, CEO, said this report will assist a number of investors who are not familiar with the Papua New Guinea opportunities and resources to better understand the quality of the assets that Kibush Capital has under JV agreements. It also will give confidence to those investors on any further JV agreements that the Company negotiates in the future.
"We are confident that this Jorc/43-101 report of the combined two licenses will be in excess of the estimate of 550,000 ounces that has previously been announced," Mr. Sheppard said.
Why DLCR Is Getting Ready to Go Further
Volatility numbers are off the charts, suggesting that investors are really sold on the upside potential of DLCR
DLCR has at least 117% upside available over the short term.
DLCR has traded as high as .28 in the past and could test this level over the short term giving the rising daily volatility.
Start your research on DLCR now.
Able Traders
|
