BGL 0.80% $1.24 bellevue gold limited

Consolidation/ pullback is over, page-86

  1. 33 Posts.
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    Agreed. I must say I am amazed with some of the chat regarding a potential "pump and dump" after a few days steady days.


    Shareprice movement is not linear, nor are any changes to high speed trading likely as it generates tranaction volume and cash for the big end of town and the ASX itself. So I would suggest talk of bots is a moot point.



    Anyone who takes a position in a company like BGL must understand it is an explorer still in the early stages of defining what it has. That infers big ups and downs along the way.



    If you need something to do while awaiting the pending resource update, review the previous drilling and delight in the speed of BGL has added ounces already, the grade of the resource and finally the potential commercial scope of the project. Current drilling indicates the resource is open in all directions. That's why Starrr's suggestions of 2 million ounces is very possible if not likely. Steve P himself has said there will be another resource upgrade in mid 2019, a non producer doesn't go through the compliance cost of a resource update for an extra 25,000-50,000 ounces.



    Happy Australia Day!
    Last edited by moet0000: 26/01/19
 
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