BSG - Bolnisi Gold

Sean K · 3 November 2006

Looks ripe to push through $2.70 to me. Ascending triangle reaching resistance. Increased volume looks good. I'd have to agree this looks very good atm, with gold and silver going up up up. Fat Prophets are on this one too. ML give this its highest rating and target $3.40.

Don't own, but might just have to.

Sean K · 6 November 2006

Struggling with $2.80 now. Breakout through there. On the close watch list.

vert · 6 November 2006

not to far way i reckon kennas, just noticed in the last half hour the bids starting to stack up a bit more, i still want some more around the $2.70 mark, dont like my chances at the moment.

vert · 7 November 2006

quick question, over the last week or so i have been watching the course of sales and noticed someone is buying amounts of 364 shares at a time around the 2.70 price range, any clues to who this may be?

Sultan of Swing · 7 November 2006

vert said:
quick question, over the last week or so i have been watching the course of sales and noticed someone is buying amounts of 364 shares at a time around the 2.70 price range, any clues to who this may be?

Do you think they're buying one for every day of the year except for Christmas Day or there birthday maybe?

GRIZ · 10 November 2006

Hi all,
Good volume & brocken above $2.80 at last, I Know there all (LHG,BDG,DOM,BGF,SGX) up today, but BSG does have a nice looking chart.

Have a good weekend, GRIZ.

scsl · 10 November 2006

Currently at $2.83, up 15 cents (5.6%).

It's risen 4 cents in the last half hour, going past the $2.80 mark.

Sean K · 10 November 2006

Looks very good.

I haven't picked any up yet. A hold above $2.80 and good PM markets over the weekend and I'll probably try and get some early Monday.

Looks like a monty to keep pushing on, but it's no certainty. But, what is?

zed327 · 10 November 2006

This is as close to a dead cert as you can get Kennas. They found silver just building the road out to the mine site. In a months time people will be kicking themselves for not jumping on the silver bandwagon. Silver $15 very soon.

Out Too Soon · 12 November 2006

I've held Bolnisi since April, thinking about getting some more but wondering how much the sp reflects the value of the co. next year when production starts rather than now.
Not knocking it, just wondering although the chart cert' looks like it's ready to run some more.

Sean K · 12 November 2006

I've been doing a little research this weekend to see the value in Bolnisi and the potential upside, and especially what is going to push it through this barrier around $2.80, and I've come to the conclusion that I'm not really sure what it is.

The market knows the value of what they have in the ground in Palmerejo (3.6 m oz au equiv) plus their other projects, and it only looks like the company is hoping to increase this resource estimate to around 4 m oz au equiv. (Market was hoping for 5m oz) The only real major driver that I can see is a potential takeover by one of the majors. Palmerejo goes into production sometime in 07 (can't find a date) and is going to be producing quite a bit of gold and silver. Would seem to be to be an easy picking for one of the big players (Newmont, Barrick) to take it over. Perhaps that sort of a wisper will send it flying?

Other than that there is the POG and POS, which seem to be heading up. Perhaps that will be the driver.

Whatever the case, on the chart alone, one to watch very closely.

zed327 · 13 November 2006

Palmerejo starts up at the end of 2007 - early 2008. A lot more drilling happening over the next 12 months which should increase those reserves.

Sean K · 13 November 2006

Looks to have broken through. @ 2.90 atm.

I'm in.

Still concerned about general market pullback however. Will exit if it doesn't keep going.

scsl · 13 November 2006

kennas said:
I've been doing a little research this weekend to see the value in Bolnisi and the potential upside, and especially what is going to push it through this barrier around $2.80, and I've come to the conclusion that I'm not really sure what it is.

The market knows the value of what they have in the ground in Palmerejo (3.6 m oz au equiv) plus their other projects, and it only looks like the company is hoping to increase this resource estimate to around 4 m oz au equiv. (Market was hoping for 5m oz) The only real major driver that I can see is a potential takeover by one of the majors. Palmerejo goes into production sometime in 07 (can't find a date) and is going to be producing quite a bit of gold and silver. Would seem to be to be an easy picking for one of the big players (Newmont, Barrick) to take it over. Perhaps that sort of a wisper will send it flying?

Other than that there is the POG and POS, which seem to be heading up. Perhaps that will be the driver.

Whatever the case, on the chart alone, one to watch very closely.

kennas, so what do you think has made BSG jump so strongly today?

I'm this close to getting in... At what price will you exit if you don't mind me asking? I think BSG is well worth getting into, provided the POG steadies or keeps going higher, and also that the pullback in resources stocks doesn't bring gold stocks down with it.

Sean K · 13 November 2006

scsl said:
kennas, so what do you think has made BSG jump so strongly today?

I'm this close to getting in... At what price will you exit if you don't mind me asking? I think BSG is well worth getting into, provided the POG steadies or keeps going higher, and also that the pullback in resources stocks doesn't bring gold stocks down with it.

Gold is up this am, back over $630, but all the other goldies are down?? So, can only mean expectations of a takeover perhaps? This is a purely technical play atm.

Should be support at $2.70, so I think a stop about $2.65ish. Will change this according to the sp over the coming days.

Sean K · 13 November 2006

I might get stopped out today!

Fallen from $2.91 to $2.83 quite quickly. Hope it holds above $2.80.

I might have to review this plan.......

Freeballinginawetsuit · 13 November 2006

BSG is a fast mover both up and down. If this is the start of a correction Kenna's I wouldn't be holding.

Sean K · 13 November 2006

Freeballinginawetsuit said:
BSG is a fast mover both up and down. If this is the start of a correction Kenna's I wouldn't be holding.

I agree. Hoping it's not a gold and silver correction.

Sean K · 13 November 2006

Well, it's held above $2.80 but today was not the day I had expected. Gold is up, silver only just off, technically this was going.........But, the rest of the market got in the way I suppose. General negative sentiment. I might be out tomorrow, if this is the 'correction we have to have', and live to fight another day....See what tonight has in store. Maybe there will be a bounce?

Kauri · 13 November 2006

It may be that she is fighting against recent significant highs, also may be a longer term triangle in play??

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