Ann: Appendix 3B, page-6

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optimistus

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16/04/18

22:04

Post #: 32493049
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Originally posted by AndyIgo ↑

Hi Midnight26 and all,

I agree the sell side appears to have dried up somewhat and I dare say if one wished to purchase any decent amount of shares they would need to have deep pockets. We must be getting awfully close to hearing some news from the management of BBX! Although given the recent ASX interest in the company I can understand the company taking a very cautious attitude with all future market sensitive news particularly if the resulting numbers are similar to those previously released.

Although I don’t feel the Gold price has a great deal of effect for our interesting explorer I thought I would share a little Gold view point for general interest.

I feel we may see a steady increase in the Gold price in this week rather than a startling move unless of course some major event takes place. They are expecting a price rise in the UAE due to a festival that some here may not be aware of!

“Akshaya Tritiya’ on April 18, an annual festival when Indian shoppers are more likely to open their purses to buy gold.”

http://gulfnews.com/business/sectors/retail/uae-s-gold-trade-hopes-for-a-fresh-start-this-week-1.2206178

Cheers and very best regards: Andy

Expand

The sell side seems to have dried up?

Well yes, but if someone had a lot of shares they wanted to sell there doesn't appear to be much liquidity on the Buy side either.

The price moved 1.5c today on what, $5,000 of shares? Which moved the market capitalisation by what, $6M?

Isn't it fairer to say that there's barely any liquidity at the moment full stop?

BBX Price at posting: 26.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Appendix 3B, page-6

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