BSG bolnisi gold nl

nice bid, page-5

  1. 22,691 Posts.
    Yes,

    That is true IMHO.

    Chart:
    http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3ABSG&time=&freq=

    STO=87.6

    The graph is getting somewhat steep and could have been the reason BSG rose to $1.38, then retraced somewhat to $1.34.

    The problem with this stock is it has been held so much down that it is now forced to rise quickly and charts don't like that.

    A couple of days of sideways trading will set it right for another rise, I hope.

    I did calculate that fundamentally wise the share price ought to be $1.44 for starters; add about half the cash they got and that wil bring it close to $1.50. (Also add the 4.8% PJO had on Friday night).

    Then add the promising assets BSG holds 100% in Mexico: Yecora and El Realito:

    http://www1.bolnisigold.com.au/content.asp?CAT=1

    Gerry
 
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