Technical signals continue to deteriorate on BCN althou the stock now looks somewhat oversold. Bearish factors include the crashing gold price now at US$908 and the fact that no JORC was released. BCN is running on a shoestring budget on some very prospective ground. IMHO their recently completed drilling program only hit about 150 meters of strike where they were calculating JORC, would have been better to do some deeper 100 meter drilling to extend this zone out to about 300-400 meters and stop some of the very shallow RAB scout drilling much further out.
I know that geo's love to do lots of scout RAB drilling but when you are on an extremely small budget it does not prove up any ounces.
Technical signals continue to deteriorate on BCN althou the...
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.91M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $13.28K | 531.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 967124 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1061750 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCN (ASX) Chart |