APC trade ideas
Macro Log Plot.Wave forecast for a longer term, expecting to see a lot of growth in the potash area as it is kind of hidden in the macro trends. There is no substitute for it and many foods simply cannot exist without it and supply is always scare, the setup is quite brilliant with the future we're heading into imo.
$APC - AUSTRALIAN POTASH - Running nicelyMicrocap with weak fundamentals but its price action is performing well. It's not a buy for me, but might be worth a look depending on your level of risk. Id wait for the RSI to get back into the 60 type mark if you were looking to enter. Running pretty hot at the moment.
Its partnership with St Barbara (SBM:ASX also performing well) caught my attention.
Australian Potash Limited, formerly Goldphyre Resources Limited., is a minerals exploration company focused on advancing its project, the Lake Wells Potash Project. The Company is engaged in exploration of its tenements and applied for or acquired additional tenements. Its Lake Wells Potash Project is located approximately 400 kilometers northeast of the Eastern Goldfields centre of Kalgoorlie. The Lake Wells Potash Project is being explored for the fertilizer mineral sulfate of potash (SOP), contained within the lake brines. Its project portfolio includes the gold and base metals prospective Laverton Downs and Mailman Hill projects, and the Beretta project, located in base metals minerals province in the Albany Fraser Orogen. Its Laverton Downs Project is located over 15 kilometers north of the Laverton Township, lying in the Laverton Tectonic Zone. Its Great Central project occupies a portion of Lake Wells Station and Vacant Crown Land.
