I don't think it looked dismal around that time actually. It had...

First 890 Last

Share
Profile

Follow
sudsinvest

634 Posts.

22/02/16

02:36

Post #: 17078385
Share

Originally posted by specgoldbug ↑

Hi Rise from the Ashes - BAR's chart looked pretty dismal before I put my money down, even after. What did look amazing was everything else about it, from numbers to outlook projections to management- for every minus you can find 100 pluses. Rare as hens teeth in the micro gold sector. Still looks amazing at only $6m market cap. Got heaps left in the tank before fair value is represented and with gold so bullish atm, that'll really kick things into overdrive. And kind of the beauty is BAR is still unrecognised. Sure HC knows about it well by now, and after HC members have their bite, the wider investment community may discover it also driving more money into the stock. It was forgotten imo because it got absolutely slaughtered and sent out to pasture for many many years, and then management turned things around, KDR got involved, the rest is history, and this all happened in silence without management blowing trumpets, because they are simply not like that- just very modest and focused

Expand

I don't think it looked dismal around that time actually. It had found a solid base around 0.8c and consolidated for a couple of months around that price with limited spikes. The only place it was going to go was up after that and was just looking for some volume to push it up. Even the charts showed very little risk/downside if you got in from October to mid December.

BAR Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Earnings Wrap: why is the utilities sector tanking & other big name earnings on Thursday

Bitcoin: Current State of Play & Where to Next | Swyftx

MXR

Maximus picks up 25.93 g/t of gold through infill drilling at WA's Hilditch

OSL

Oncosil device successfully treats pancreatic cancer in Türkiye

Emerald & Azure score Digger & Dealer awards