1. Gold short term weakness
2. BGL feasibility study done on old resource, doesn't look as appealing on face value. It was a waste of money for mine.
3. Lemmings effect (few people sell, the rest of the lemmings follow).
BGL is well positioned to be a tier-1 gold producer. They are continually proving up the total resource at existing targets whilst locating new untapped targets.
I suggest people wait until the Stage 2 feasibility study which will be based on the upgraded resource and be a lot more appealing to investors (and as a takeover target for other Tier 1's).
BGL - Share Price forecast and results, page-382
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.03 |
Change
0.030(1.50%) |
Mkt cap ! $2.390B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $2.01 | $7.893M | 3.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 178236 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 77587 | 9 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |