Noticed that the market depth selling side has thinned right out as most on the sell side is on a single sale and even then on small volume. On the 4th of October, 10.4 million shares were transacted, many sold out including substantial amount by Kevin, the previous MD. The capitulation was on the 12th October and buyers had difficulty in getting their shares unless they raised their bids.
Buyers appeared to be getting more aggressive. I expect announcement of commencement of drillings as pointed out by boy1, including news of signing offtakes agreement and MOUs. There could be many other news including new shareholders presentation, corporate and fund managers presentation, gold news with Rangold and a series of other positive announcements. Shareholders have plenty to look forward to.
BGS Chart !, page-14
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