So that happened a lot quicker than I thought it would. We've hit $0.06 which is near term resistance and there hasn't been new volume appear suggesting that we could churn around these levels with the potential for a break of resistance. As can be seen from the below chart, there wasn't much traded in the area between $0.06 and $0.07 (i.e. an air pocket) which implies that if the break occurs this could run to $0.07 very quickly after which i believe we should consolidate until news is released by the team.
Areas of resistance are at $0.06, $0.07 and $0.08.
The assets, especially with the price of gold looking at having broken an 18 month consolidation, is looking at making a major move higher which will support any goldie market cap valuation.
BDC Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held