With buyers and sellers now sitting on the fence looking forward to important key dates due in a few week’s time and the outcome of the EIS down the track. I think psychology is now playing a major part in the direction of the SP. As SP gradually increases, people bought due to fear of missing out (Which you would have to wonder why didn’t they buy low eg . on the 1st and 2nd of Sept. ?). This is why I reckon we will see the SP way above the current level over the next few months. For those who holds BGD (both pre and post Friday 28th , unless you bought at over 30c on Friday!), I think the rewards are greater than risk, but you must have stop lost in place to protect yourself from profit takers.
BGD Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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