The broker data gives a clear picture. As Scott has transitioned the company away from feeding the short term traders with news flow the SP has pulled back and the sell off has been retailers and a director converting options and selling on market compounding the daily negative share price sentiment.
Retail have been caught in the push down from 56c to 35.5c taking profits or losses and moving on to hotter stocks / sectors as BSX timeline on both PFS x 2 was pushed out and drill results are very sporadic to say the least.
Price of nickel short term has helped the negative sentiment and retailers exit positions even though BSX will not produce until 2022-23. Warehouse inventories have been declining steadily yet the price of nickel is still volatile.
Between now and 30/6 my expectations are on news flow:
More Assays on newly discovered TDZ & Kingsnake + other targets.
Updated Resource Statement extending mine life to 10+ years.
New partners for the Downstream Business Unit - Trafigura JV & Off take agreements for Nickel Concentrate.
Possibly the PFS for the DBU in late June would be nice.
Pilot Plant news flow (funding arrangements).
The broker data gives a clear picture. As Scott has transitioned...
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $30.92M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.2¢ | 5.9¢ | $14.58K | 241.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144258 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 110000 | 1 |
View Market Depth
| Last trade - 15.50pm 26/04/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.3¢ | 5.9¢ | 72912 | ||
| Last updated 15.50pm 26/04/2024 ? | |||||
| BSX (ASX) Chart |