That would be a reason why you probably shouldn't have a stop loss in place here. 75c down to 70c and straight back up, down and now up again, back to 76c.
Based on the new entries in the T20, this sort of thing might become more regular during periods of no news. Pretty clear someone wanted out or imo it's much more likely a few stop losses have been targeted.
Sell side looking very thin (and that's assuming all the orders are actually genuine), simply be prepared to buy the ridiculous pullbacks such as this, don't get sucked in on the fomo rises and we should all be laughing at how ridiculous this action is soon enough.
I know I'm not the only person who added today, the tighter the register the higher it will pop, drilling results should be very close and hopefully we get the >117m hit soon with it. I thought management appeared very confident and excited based on the visuals when I was having a chat to them after the AGM, so I'm quietly confident of something special.
BGS Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
