Just dropping in. 0.8p minimum. Thoughts?2 Nov 2021 18:45
A sale means a buyer. If the price was actually correct at the time there was subsequent purchases at .16 so that was a strong buy order being filled imho. Honestly it is impossible to get a quote for more than £30,000 at the moment and at a huge spread. If you look at the follow averages.
200 SMA .2194
200 EMA .1983
100 SMA .1846
100 EMA .1796
BZT is under it's 50 day also.
Factoring in that we are below average and everything tends to revert to the mean the upside on just this is .19
These averages are all without the inflow of the new capital AND the new coming next week of the license then the listing may also be dropped in at the same time with a speculative figure even and the subsequent listing go live on the ASX will send this at least double at the point of it hitting the markets.
License to print money at this price for the next few months.
Honestly I would be surprised not to see .6p / .7p then warrants triggered, some cash profit taking and a push further up as other projects come to fruition as well.
The downside here is limited, without a doubt. You simply can not buy shares in bulk so when the wider market does twig that BZT is actually on an up trend and has great news what will they buy?
The volume we are going through now is equivalent to last October and May. Look at what happened there and the average purchase price over the last year has been +/- .23 / .24 so these people are going to take this opportunity to average down naturally while they can, again taking shares off the market.
Mank took the share price from .21 to .38 in days. So imagine what buying now does for you when the listing is finally out there. Honestly can not imagine this being below .8 hence why I am buying all of this is at a super low level! AND ignoring the other ventures.
If anyone can spot any flaws in my logic (or illogic possibly) please let me know as I am interested to see what I have missed.
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