Technically the area for accumulation is between the Cluster of points .295 and .33 -going on the last move-.
If the expected News comes re Resource update then a spike will occur for the traders and insiders, then a pullback until the news re Mining licence.imo
From what I can see though, atm there is no "insider" buying(traders) to indicate news is Close (week or so)but it is still a buy.imo
Only negative news will take the share price below .295 or a major crash overall with the Markets.
Barring the above there is a sure trade and/or accumulation phase there, then-or a further trade/accumulation phase on any pullback. imo
When its known that two "Company making announcements" are close or following, the risk is minimal, although still there(slight)!. imo
Even though its obvious, I thought I would bring it to everyone's attention!
Good Luck All
Sm
BMN Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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