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2.94%

17.5¢ burgundy diamond mines limited

This is exactly what happend with CIA back in 2017 to 2018.Once...

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B0bthebuild3r

487 Posts.

35

20/11/23

19:40

Post #: 71005111
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Originally posted by sime: ↑

Think it's important to keep in mind the low level of volume that is trading on this stock.

Shows that so far we havnt had much interest because buy pressure is low. But this is most likely because of the previously discussed issues around mine life and the surety bond. Once these issues are addressed then funds will have a clearer picture of where the company is going.

But low volume also shows that it could literally just be mostly one holder selling.

the volume traded is what you would expect on a company with a few hundred million shares on issue. We have 1.4 billion.

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This is exactly what happend with CIA back in 2017 to 2018.
Once they revise the funding arrangements and some clarity on mine life the market will value accordingly.

BDM Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.5¢		Change 0.005(2.94%)		Mkt cap ! $248.7M

Open	High	Low	Value	Volume
17.0¢	17.5¢	17.0¢	$4.13K	24.27K

Buyers (Bids)

No.	Vol.	Price($)
11	619731	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	364562	6

View Market Depth

No.	Vol.	Price($)
11	619731	0.170
6	355458	0.165
2	8240	0.160
4	174500	0.155
4	49492	0.150

Price($)	Vol.	No.
0.175	364562	6
0.180	32675	5
0.185	5413	1
0.195	414271	7
0.200	2404146	8

Last trade - 10.31am 07/05/2024 (20 minute delay)

BDM (ASX) Chart

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