re: Ann: Lamboo Project Advances Closer Towar...
Share Price movement has tapered off after the last few days of quick rises/gap ups etc. Pretty much as expected considering the light volume. Not often I'd say this, but we probably need more Supply to come into the market before this can really take off.
The lack of liquidity creates risk for any larger traders who might be interested in getting on board, and as we all know, we need the large traders to move the market.
I'd actually be happy to see the 11 cent area tested with some volume. If its tested and then moves northward, we will get a more solid Support level to work from. I won't be testing it with my shares however!!!
Probably a bit of cat and mouse with the SP until we get closer to a Finance arrangement, but looking more positive than a few months back. Price of Gold ranging nicely between $1750 and $1800/ounce which are good numbers for BNR ... at $1800 or higher and their projects start to get a lot meatier, and Finance should be easier to negotiate.
The perfect storm scenario would be the price of Gold back around last years highs of $1900 at the same time we get Finance approval. Certainly not out of the question.
BNR Price at posting:
11.4¢ Sentiment: Buy Disclosure: Held
