jv getting close, page-27

Steady on. Volume is less than a tenth of what pushed through with the sell on 16/04. 880k. Twenty odd grand? Looks like a little punt to me. But a good one.

Don't get me wrong, I'm a big bull on BML. I think its horrifically undervalued. And a larger volume gain in the next few days will change my mind on the significance of this 35% gainer day. Its certainly nice to see some more green. We might get some short term traders in to help move some stock.

Of three possible downtrend lines from 5 nov 2010, this move breaks decisively through the second. Its a long way to the third at above the 0.07 mark somewhere. I think we need to see at least 50-100k in value changing hands though before we read too much into it.

Happy to be told otherwise though ...

COLCOM