Wick drill in the next few weeks to prove a potentially company making asset. Also confirmation of a huge 1 Million acre operating licence in Tunisia. Price has been rising this year in anticipation but at a £20 million market cap could have some way to go yet. DYOR.
uplandres.com
with Wick drill still to come in Q4 I would expect the price to be much higher ahead of drill
Also further news from Sarawak & Tunisia.
Last placing at 2.5p not long ago so fully cashed up.
Unbiased chart view
Resistance becomes support at 0.786 - 2.78p - best level to top up if you hold shares already.
Trend looks bullish and should be making a higher low
Watch out for a break out of top trend line.
Elliot Wave targeting 3.4p to complete wave 5 and 261.8% Fib.
Very low free float of shares in this company with most being held by the Board and some prominent investors.
News on Sarawak licences or North African projects could lead to a strong break above the top target.
As always....Don't listen to me, do your own research and good luck.
