Been following this one for a while now, few friends jumped on board at 0.009 , thought it was a little bullish as the rise from 0.002 was on BMG actually about to drill and speculation on what they may find. Cash is low so if they don't find anything I would think they would need to raise capital for there next projects and with the SP dropping would be pretty difficult so this is a high risk play IMO.
So I do believe the support level of 0.007 seems pretty strong a couple of mornings we have seen small parcels of 0.006 get dumped, maybe to scare holders to sell into it and by the end of the day its finished on 0.007/
Results should be here in a few weeks, may enter this stock now. I think its worth a punt for a small parcel.
Of course if 0.006 is breached we could see 0.005 again but I would expect a bounce back to around 0.006/7 level.
GLA
BMG Price at posting:
0.7¢ Sentiment: Buy Disclosure: Not Held
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