Took a buy in this company based on Technicals alone. Fair value for me indicated a testing of the 20/50 dMA.
Judging by the past performence, I have set a target for $3.50 and I don't think it will move past that point unless of-course there is some outszide factors which push it past that point, or down respectively.
Not a bad company though I must admit I am not versed in the fundamentals but I do hope the target is reached.
Mining has been taking pretty large hits all around at the moment and cannot comment as to whether it will get better or worse.
BLY Price at posting:
$3.24 Sentiment: Hold Disclosure: Held
