The director buying activity in BLN is extremely positive
Any comments on Mulga Rock at the moment would be completely unsubstantiated but the increased buying activity over the past couple of weeks suggests that those who were sitting on the sidelines waiting for signs of life in the share price are now getting on board.
It is clear that there is not much stock around - any positive news on Mulga Rock would honestly send this stock into orbit. To me its worth getting on. But I got on a while ago and accumulated some more at $0.175 when the downtrend was broken.
Reglardless of what anti-chartists say, I firmly believe that in MOST cases, the chart tells a very good story. There is always someone on the inside accumulating before the news is released and if you want to apply that to BLN, well.....join the dots.
Marchello
BLN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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