BGS 2.17% 22.5¢ birimian limited

BGS Announcement Tuesdays

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    A bit of accumulation today - most likely buyers establishing a position before the potential announcement tomorrow.

    Could this trend of Tuesday releases be orchestrated in the hope of the SP rallying on the Monday causing the SP to rocket even higher on a positive announcement due to the higher base? Or perhaps I'm just over thinking this and they haven't received the DD assay results. If I'm right, then if an announcement is released tomorrow it will be highly positive otherwise it would have been released late today.

    Regardless of the outcome of the assay, the gold we have found is still in the ground and one DD hole will not make or break the company. If it is good, we should see a re-rate, however if it's not, expect some panic selling from a highly irrational market.

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Last update - 15.11pm 22/10/2018 (20 minute delay) ?
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