It's hit a two year low today at 1.1, and do I consider it's been good buying at 1.2 and I am back up to what I would say is fully loaded for me once again after some trading recently
Yes there are definitely more results to come in yet, and I will now stay loaded up with a longer term view in mind
Reasons I can see for the tumble is even though BCN isn't a producer yet there will always be some selling when gold moves down, but then it won't necessarily move up with the gold price
Also this would most definitely have caught out some of the more active traders after the last ANN as there was no volume to buy in at 1.4, not much buying really at 1.5 until that price line ran out, so most of the buying was done into 1.6 and 1.7
Well not too hard to guess that some of these traders obviously want out, hence the drive down in price but its been great buying in at 1.2 once again
Lastly, some of the BCN holders will need cash as the Ords has come off a high of 5069 on 11th April with a low of 4663 hit today. Question is will the Ords keep skiing downhill?
If anyone thinks BCN is being treated badly, then just have a peek at CSD, had a high of 30c, now today its hit a low of just 10c, this is a 66% loss for those who bought into CSD at the high in Nov and Jan, so reflecting on that BCN is down a lot also but less at 50% from its high this year
This makes me wonder if BCN have been offloading some of their CSD stock!
Thoughts on my last point are welcome.
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Last
2.2¢ |
Change
-0.001(2.22%) |
Mkt cap ! $82.64M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $1.1K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4347272 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1129120 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 4347272 | 0.022 |
11 | 2474353 | 0.021 |
6 | 3641841 | 0.020 |
2 | 46368 | 0.019 |
2 | 188000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1129120 | 6 |
0.024 | 2296666 | 7 |
0.025 | 1441945 | 3 |
0.026 | 2067322 | 4 |
0.027 | 83333 | 1 |
Last trade - 15.14pm 04/10/2024 (20 minute delay) ? |
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