Hi MB,
It seems BGF's price is now pegged to Lihir's. LHG closed at $3.11 the day before the announcement, so this was the price that the $0.288 per share for BGF was calculated. So, yesterday, LHG closed at $2.78, so each BGF share was worth $0.2574, hence it's closing at $0.255. If LHG get's back to $3.11, then it will need to rise by 11 cents to see a 1 cent increase in the BGF price. I hold LHG long term, so am bullish on the stock, however, I don't see it rising to rapidly in the short term, therefore BGF, I believe, is limited to where it can go. However, if you can trade LHG, then at the moment, you can trade BGF.
I bought in last week at $0.24 and caught the announcement. I have held through the last couple of days, waiting to see what happens with Lihir. Gold was up again overnight, so we should see some good play in the gold sector today (hopefully).
Dave