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).
1. Gold short term weakness2. BGL feasibility study done on old...
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Last
$1.24 |
Change
0.065(5.53%) |
Mkt cap ! $1.587B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.22 | $8.056M | 6.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25542 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 14835 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BGL (ASX) Chart |