It will fly high.The seasons are many but history is a great teacher
1-Reason price went to 18 cents was because of the massive coal seams -nothing has changed here.
2- Price drifted lower because of market conditions but mostly no announcement about when coal fields could be bought
3- Price drifted lower because of fear of not getting money to buy fields.Volume was low .Only the fearful sold
4-Money is now in ,fear is gone they have the money and the fields with the massive coal seams
5- People who got in at 2.5 cents will not sell as they are only averaging down.Price has to be a lot higher for then to make profit
6- When coal is drilled price will rise greatly.People will be silly to sell before this
7-Potential for company to be brought by larger company -hun
my prediction $1.60
It will fly high.The seasons are many but history is a great...
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Last
$1.81 |
Change
-0.050(2.70%) |
Mkt cap ! $2.125B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.93 | $1.81 | $131.4M | 72.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 6188 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BGL (ASX) Chart |