Congrats to all holders (long termers in particular) have been here since the DRG days, today BGL broke thru $1.70, its' had a go at 1.70 several times since July, but with the current run up in gold and the concurrent developments at Bellevue I am pleased to see the said level broken. Now onwards and upwards.
This will be the fore-runner of many new ATH's, because if my view is correct the price of gold has still got plenty of room to move on up (over the next few years as global Gov't bond markets get chaotic and confidence in Gov't suffers badly - real assets will have their day), at the same time BGL will be throwing off a lot of free cashflow.
It won't take BGL long to pay off MacQuarie and then some tasty dividends off the back of a very profitable mine, $4 to $5 is entirely possible over next 2 years, particularly off the back of bond market chaos - and regardless of US$, which I think will be strong - time will tell.
Congrats to all holders (long termers in particular) have been...
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Last
$1.69 |
Change
-0.055(3.16%) |
Mkt cap ! $1.983B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.69 | $4.994M | 2.942M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 124954 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 40 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.69 |
Change
-0.055 ( 3.12 %) |
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| Open | High | Low | Volume | ||
| $1.77 | $1.77 | $1.69 | 1106934 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BGL (ASX) Chart |