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12.5¢ boab metals limited

returned to normal within 18 months, on the back of low...

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freshinvestor93

2,496 Posts.

204

19/04/24

07:49

Post #: 73417526
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Originally posted by touquoy: ↑

PhillW on the same page as Michael Oliver.

I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.

So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.

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returned to normal within 18 months, on the back of low investment due to economic pain. and your mine is minimum 2-3 years away. if the boom is coming the bust will be here in time for the first ore!

BML Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $22.93M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2153	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	12903	1

View Market Depth

No.	Vol.	Price($)
1	2153	0.130
3	811840	0.125
3	38903	0.120
3	19822	0.115
5	270544	0.110

Price($)	Vol.	No.
0.120	12903	1
0.125	70888	2
0.130	20945	1
0.140	14285	1
0.145	101166	2

Last trade - 16.12pm 02/05/2024 (20 minute delay)

BML (ASX) Chart

Day chart unavailable