BLG 0.00% 3.6¢ bluglass limited

Out of interest, why low 5c range Super?"SP has gone from 3.7c...

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    Out of interest, why low 5c range Super?

    "SP has gone from 3.7c early October to 6.8c last week. (1.5 months), 84% rise", precisely because there has been MASSIVE "game-changing news".

    To my mind, it has been a beautiful, controlled rise, re-testing supply at key levels, so is more reflective of true value. These rises have legs and are far more sustainable vs the obvious pumps you see in so many small caps these days on sweet FA.

    To drop to low 5c would not only have to defy the recent fundamental developments, the corresponding industry recognition and the value the market has placed on it - it would also have to totally ignore and smash key levels of technical support.

    Not saying you're wrong, but I disagree. If the need for cash is satisfied, which I am confident it will be, I'd say, less than no chance.

    I'd be more concerned if James hadn't mentioned the delay and the reasons for it.

    But he did.







    Last edited by Gonzarella: 13/11/23
 
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