trading is interesting... it is like someone is trying to 'game' the share price... try push it down, see if anyone will panic sell, and then all of a sudden it will jump (when an investor who actually knows the company, not just looking at price changes) comes in and supports the share price, usually in a large way... then you'll have a few more try sell a few thousand shares at some low price... seems to bounce anywhere between 8.4 cents and 9 cents.
Still need OIO approval for things to really take off, and the jumps and drops in share price seem to show reflect this waiting game - because you don't want to be left out if/when OIO do approve - because there could well be an annoucement to develop the 300m odd asset that is the Buller project. I also note Genesis back burning and buying coal - and want to buy it from SE, but waiting for this take over to be approved... another cheap, easy and profitable thermal opportunity there for Bathurst - it all adds up - and the market has yet to fully understand this.
BRL Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
