An excellent "must read" tradesido!
It puts some context around The Australian story/rumour. Unless the facts change materially I'm preparing MORE. I think the equity risk is acceptable; it's about the POG.
Regarding the Cana-crap target of $1.00 my primary concern is whether or not BGL makes it there without a t/o offer. I don't know management's resolve to mine, I do know the power of money as reflected by greed. With those minerS(!) cited in the tweet, a bidding war would be welcome.
With or without news Au's seasonal strength is about three months away... so, I predict a 1 handle by August. News, though changes everything, including my wallet's weight!
OV
Canacord Report, page-3
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Last
$1.27 |
Change
-0.010(0.78%) |
Mkt cap ! $1.619B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.447M | 7.441M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26512 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 63228 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BGL (ASX) Chart |