BMN 4.55% 10.5¢ bannerman resources limited

passed 61.8%

  1. 1,537 Posts.
    lightbulb Created with Sketch. 3
    As predicted, sp has passed 61.8% retracement. Low grade + high cash cost + low U price + weak USD + high AUD and high fuel price are bad factors for BMN. In short term it's not much hope for BMN. Sp may drop further to around 50/55c.(BDG has same trouble high cost + low grade).

    Test Fib retracement.
    Fibonacci Calculator
    High:$1.485 Low: 22.5c
    Retracement
    23.6% = $1.18 (done)
    38.2% = $1 (done
    50.0% = 85.5c (done)
    61.8% = 70.5 (will be soon. Done today)
    78.6% = 49 can be
    100.0% = 22.5
    This is my view and guess with chart/Fib only. Plse DYOR and good luck to all
 
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