Sold out of my holdings above $1, I love BGL but this ho has too many headwinds at the moment and other opportunities!
Will buy back in if price reaches $1.10+ on company news or dips below a fair value amount (I’ll keep my price for that secret)
Reasons for selling in no particular order (just my own opinion, I’m more wrong then I am right so this isn’t a down ramp by any means)
- Gold price will be subdued for a little longer until it legs up again on its upward trend.
- Environmental regulator news regarding BGL under investigation for dumping water (Not good for PR)
- Tolga offloading a (see ceasing to be substantial holder announcement July 30th)
In the words of famed investor Arnold Schwarzenegger ...“I’ll be back!”
Will the SP go sub $1 again?, page-219
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Last
$1.24 |
Change
0.065(5.53%) |
Mkt cap ! $1.587B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.22 | $8.056M | 6.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 25542 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 14835 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BGL (ASX) Chart |