Twice this morning we have had 3 pip line swipes and looked like we would run to 0.615 and both times we have been pushed back to 0.585
Quite obviously we are being capped and someone is throwing shares at the "cause".
Sooner or later we are going to get an off-take or JV or take-over which would be one reason why we may be getting capped right now short of the rats from mutiny still scurrying the ship / and or profit taking which IMO doesn't explain away this mornings activity when it was obviously going to run hard with multiple multi-pip gaps to the upside.
BGS Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held