BSG - Bolnisi Gold

[Sean K]

The price and volume say different. Its not unusual in small mining co's, a lot of people from drillers, geo's, lab rats, etc know what is coming.

Ha, I was actually thinking about an ann by KMN that came out a few days ago. Or the ann on 25 Oct. I'm on painkillers, I'm a bit vague atm....

You're probably right in this case.

 

[Kauri]

More great intercepts out of Palmarejo. This has driven it this am I reckon.

Looking good in Mexico.

Ha, I was actually thinking about an ann by KMN that came out a few days ago. Or the ann on 25 Oct. I'm on painkillers, I'm a bit vague atm....

 

[simoncar]

Hi New Girl and Kennas. I agree with kennas you cant predict time frames. I reached my target based on the triangle (ascending) that has been forming since Mid Feb. Although on further inspection I believe it started to form in Dec 05 at around $1.00. From base at $1.00 to top at $3.00 ( a rise of $2.00)then gives us an upside projection of $5.00 ie. $2.00 added on to breakout price of $3.00. I trade these patterns very successfully all the time and have every reason to believe that if price holds at above $3.00 then we shall see $5.00 in the not so distant future.


Regards Simon

 

[Sean K]

Kings Minerals is also a miner in Mehico, and they came out with some great interceptions earlier this week. For some reason I linked todays BSG ann with that one. Panadene Forte man, it's a tripper. I shouldn't have access to a buy button at the moment.

 

[Kauri]

Hi New Girl and Kennas. I agree with kennas you cant predict time frames. I reached my target based on the triangle (ascending) that has been forming since Mid Feb. Although on further inspection I believe it started to form in Dec 05 at around $1.00. From base at $1.00 to top at $3.00 ( a rise of $2.00)then gives us an upside projection of $5.00 ie. $2.00 added on to breakout price of $3.00. I trade these patterns very successfully all the time and have every reason to believe that if price holds at above $3.00 then we shall see $5.00 in the not so distant future.


Regards Simon

Simon..
I've been looking at these sort of patterns for a while, with the idea of trading them in mind. If you wouldn't mind sharing, where would you have entered BSG and where would you place your stop. I seem to have most trouble with working out where to place the stop.
Thanks

 

[Sean K]

Back under $3.00. This stock swings like......a big swinging thing!

Intraday this is so volatile, best I stop watching it.

 

[Out Too Soon]

Out too soon,

So much passion for annual reports I'm interested to hear from you what you find boring? I hate them personally.

I'll send you the latest from the AGM coming up later this month.

Only the first part of resource co.s, (with the pretty pictures ). As a kid (many years ago) in a rock collecting family (lapidary, agates, fossils, mineral specimens) we spent our holidays looking for rocks, opals, fossils etc etc, so I find the resource reports very interesting. Mind turns to jellow when I reach the finance part of cause.
PS: If you have trouble finding time/ motivation to read annual reports just leave them in the toilet as I do. :

 

[simoncar]

Kennas, now we have broken through $3.00 it would be a small sign of weakness if we closed below this level. I would place a stop around $2.95 and if I got stopped out that is life. If we break through $3.00 again I'll jump on again and buy anywere up to around $3.30. The idea is to keep my losses small ( i bought at $3.05) so if it falls to $2.95 i am out with a 3.27% trade loss. If it does go North as hoped I will pocket a 66.6% win.

Regards Simon

 

[GRIZ]

Hi Kennas,
Think we sould of got out of Mexico this morning! KMN & BSG. Talk about selling on the fact. BSG did have 4 very positive days, 5's pushing it, Sould of known!

 

[new girl]

Only the first part of resource co.s, (with the pretty pictures )

Pretty pictures I still don't know what could possibly be more boring to read in your opinion?

back to $3

 

[scsl]

Kennas, now we have broken through $3.00 it would be a small sign of weakness if we closed below this level. I would place a stop around $2.95 and if I got stopped out that is life. If we break through $3.00 again I'll jump on again and buy anywere up to around $3.30. The idea is to keep my losses small ( i bought at $3.05) so if it falls to $2.95 i am out with a 3.27% trade loss. If it does go North as hoped I will pocket a 66.6% win.

Regards Simon

Simon, have you bought anymore now that the sp is above $3.00?

 

[Sean K]

Record close. $3.06, off record high $3.15.

Need a couple of days of consolidation to confirm break, although I think this was really back at $2.90.

 

[simoncar]

scsl, yes I have. I think bsg showed good strength today in the face of a down market today

 

[sandik17]

very volotile this morning

 

[Sean K]

very volotile this morning

Just a normal day in the life of BSG. Yo yo stock from hell. Can't it just stay within a 1-2% range for a day or two!!

 

[new girl]

Yo yo stock from hell. Can't it just stay within a 1-2% range for a day or two!!

Now where is the fun in that kennas? be kind it's a lovely stock.

Another excellent announcement.

 

[Sean K]

Now where is the fun in that kennas? be kind it's a lovely stock.

Another excellent announcement.

Yes, another great ann. This Palmajero region is like, well, a gold mine!!!

 

[new girl]

Yes, another great ann. This Palmajero region is like, well, a gold mine!!!

Impressive analogy Seriously though, do you think the sp will survive a correction?

 

[Sean K]

Impressive analogy Seriously though, do you think the sp will survive a correction?

It depends what type of correction IMO. Perhaps all stocks will be smashed, but if it's directly related to US inflation with $US decline and POI going up, then POG and POS should appreciate as well, therefore being positive for BSG. We haven't had a decent terrorist attack for a while, so that's a dark horse that will boost PMs out of the blue. (not that I want a terrorist attack of course.)

 

[new girl]

It depends what type of correction IMO. Perhaps all stocks will be smashed, but if it's directly related to US inflation with $US decline and POI going up, then POG and POS should appreciate as well, therefore being positive for BSG. We haven't had a decent terrorist attack for a while, so that's a dark horse that will boost PMs out of the blue. (not that I want a terrorist attack of course.)

Come on, may be just a tiny attack where no one gets hurt do you think that a weakening $US will balance a moderate correction or is this a stupid way of looking at it?