Was that a case of deja vu? The announcement on 29th May had just about the same effect as today's - up for a few minutes, then one almighty scramble to get out. One has to wonder what the hell some of these sellers were expecting on each occasion from early stage drilling. Both sets of results showed promise IMO. But anyway, it just goes to show what a parlous state this market is in right now, especially for resource stocks. It resembles an African waterhole with wilderbeast drinking; one whiff of a lion's scent and pandimonium breaks loose! As soon as the upward movement stalled at 2.6c for a couple of minutes someone rang the alarm bell and off the herd went. We must all be crazy to put our money in this place I'm figuring. Still, at least I only nominated 3.8c as the August price in the recent comp. I seem to recall quite a few predictions of well over 10c. Let's hope thwy were right.
BGS Price at posting:
2.0¢ Sentiment: None Disclosure: Held
