Yes,
That is true IMHO.
Chart:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3ABSG&time=&freq=
STO=87.6
The graph is getting somewhat steep and could have been the reason BSG rose to $1.38, then retraced somewhat to $1.34.
The problem with this stock is it has been held so much down that it is now forced to rise quickly and charts don't like that.
A couple of days of sideways trading will set it right for another rise, I hope.
I did calculate that fundamentally wise the share price ought to be $1.44 for starters; add about half the cash they got and that wil bring it close to $1.50. (Also add the 4.8% PJO had on Friday night).
Then add the promising assets BSG holds 100% in Mexico: Yecora and El Realito:
http://www1.bolnisigold.com.au/content.asp?CAT=1
Gerry
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- nice bid
BSG
bolnisi gold nl
nice bid, page-5
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