BRB 0.00% 47.5¢ breaker resources nl

Ann: Resources Rising Stars 2020 Investor Forum Presentation, page-3

  1. 1,649 Posts.
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    BRB is one that did break down trend-wise.
    Held trend till the 28/10/20.
    One of the reasons they are not well regarded was the continuous failure to deliver a resource (de-risk), preferring to chase scale.
    They put off announcing a resource for (from memory) over a year which really annoyed investors.
    While this chart does not look good, I do expect them to turn around simply on having a fundamental floor (oz's of gold) and future news flow.
    What they do have is at least 3 levels of resistance to get through on the way up. Will slow the price recovery.
    If not for improvement in POG and sentiment change, I would normally have considered 16c as an entry point. Not now.
    Here is my BRB trading chart.
    https://hotcopper.com.au/data/attachments/2625/2625583-3557d2e79450f76749c54aafef63d6c7.jpg

 
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Currently unlisted public company.

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