Because it beggars belief that the second highest grade hard rock Lithium Spodumene project in the world, including 400k/oz of cheap near surface gold at over 2.5g/oz with a processing centre right next door, could be at this ridiculously low share price.
Something is not quite right, and one day someone may actually uncover the truth behind this (and have the proof to verify it). It would be fascinating to find out the real reason.
And of course, if they are wanting a European hedge fund, or Chinese investment house, to take an interest, they will not want the share price to be too high, the funds will want to get in as cheaply as possible.
If this was listed in the USA, the share price would already by $2.50 or more.
And even on the ASX, there is no logical sensible reason this should be under 80c, except for some corporate manipulation behind the scenes.
Gw
BGS Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
