Since JB/Pangaea starting selling when SP was around mid 30C, I think, BEZ never had an opportunity to run in usual trading. The SP has dropped to 10C and stayed around 13-15C in last 8 months. Recently, Sayona (SYA)'s largest shareholder PLL sold 1 Billion shares by block trading and it dropped from 6C to 4C (Shorters also played game there) but rebounding again in less than a week. Not sure, what JB/Pangaea gained by waiting to recover their money ( so far they sold around 10 M dollar worth of shares) for long 8 months what they could get in one week time by block trading with same price. The usual share behavior can be seen prior to her selling - peaked 44C, some profit taking and probably some old stucked shareholder's selling and started quickly to rebound to high 30's (37C on 25th July 2023). Now, the situations become more favorable than it was when SP reached 44C. 33M cash already in hand, pilot plant work progressed, new drill results, new MRE, future high gold price all are in horizon. We only need to wait until when usual trading behavior kicks-off. MYO and GLTALTH.
BEZ Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
