BGL 2.00% $1.79 bellevue gold limited

On the Thursday before Easter BGL closed at $1.885 with spot...

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    On the Thursday before Easter BGL closed at $1.885 with spot gold at $AUD 3,358.
    GOLD is now trading up 10% since then ( up $300)
    Normally when the underlying commodity of a stock increases by 10% the stock price increases by 20 to 30%
    $1.885 plus 20% = $2.26

    Recent heavy rain and flooding in WA may have caused concern to Bellevue's March production figures.

    A solid quarterly report with an improved head grade will be good catalyst for the share price.

    GLTA
    https://hotcopper.com.au/data/attachments/6109/6109707-382b8b5a9b625967614b608be141d922.jpg




    Last edited by torrita: 18/04/24
 
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