Hi Sagacious,
I don't hold BGL yet, reason being:
- Part way through mine build/development in a rising cost environment
- Gold price is weak at the moment
- We are in a "Risk off" environment at the moment so foreign capital in these cases tends to leave the ASX
- Bellevue is the 26th most shorted stock on the ASX (see Shortman)
- Most other ASX goldies' share prices are soft
I will buy in soon however as I see BGL as being either a great takeover option (due to its low AISC and Leonora consolidating) and when the USD starts to drop. They also have a good cash balance (including undrawn loan) and the loan's hedging terms are not too onerous.
Best of luck
Mama Huhu
Hi Sagacious,I don't hold BGL yet, reason being:- Part way...
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Last
$1.63 |
Change
-0.005(0.31%) |
Mkt cap ! $2.079B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.58 | $11.45M | 7.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 119159 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 108765 | 5 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |