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tintin, a quick kill play would not play out this way, the price has risen steadily over 2 months then fell within a week, that is investors clearly thinking, wrightly or wrongly, there a more significant risks in the future to this project other than negative sentiment. The Swedish media and WWF among others are apoplectic....
Given the history of Bem, it's board provide regular RNS's and the last placing was fully updated and communicated to shareholders, I see no reason why a forward sold placing would occur in this instance. The last placing diluted investors by just over 3%. That would hardly make a dent in the share price today but there is no smoke without fire & multiple 100k sells going through is a big concern
Yes, this looks good long term. Just sold out of my other mine Poly at a nice profit, will load up here after the next updates, if they are as positive as they should be. Seen this dozens of times with great stocks they get hammered after good news then rise back over the following months. It’s 50/50 here as the price was flat for years before December, but the facts are those days should be over. Come on Kurt don’t call us now!
Misjudgment? I stated the share was in a downward channel and needed to close above 12.75 to avert the drop. It didn’t and it’s went down further. Even the smallest volume shares move in ways which can be analysed. Becoming to attached to a share is always a red flag DYOR and we are all here to make money. There’s quite a few long term holders here which is good maintaining a solid bottom as they generally won’t sell easily. I have plotted my entry and exit point and don’t plan investing in BEM for another 10years. Let’s see what the future holds
Let’s revisit end of next week. MMs do buy shares that don’t have an immediate seller, this is often the case when the spread is large like here. Not every buy has a seller, the spread is then increased so MMs decrease their risk and increase their profits. Fact
If trading patterns are to be believed we require another day or two of flat lining before the move up begins. It’s clear the selling has slowed considerably and buyers will creep back in at this level, given the price and the fact that the next few updates will be positive as the management team will be laying out the next part of their plans. As I have previously stated what is happening in Ukraine and the massive increase in energy costs is helping our course no end here, yes I know this is not specifically related to energy. However uncontrolled capitalism as had a massive red line drawn, which can only make countries more accepting of industries they formally would not accept.
Nothing worse than an investor that can’t admit their strategy was wrong. Just hold hands up and move on. We can’t all be right all the time in life, it’s now clear being out the indexes is having relatively no affect on short term price
The share has been in a downward trend since the end of January, it needs to finish above 12.75p to break out, can't see it happening today but its looking good for a little resistance to dropping below 12p, which will inevitably allow rise to begin again!
Johnny appears to be only concerned for others... At this price it's worth investing. I notice the greens have left government in December which lead the way to this decision. Steel requires iron ore and the people in this region require jobs to stop people leaving for the capital, as most people do in Sweden! Given the times we are now entering the wind is in Beowulfs sails, and it wont take as long as another 10years to move as far forward as the previous 10. The cost of living squeeze that is coming will no doubt soften many peoples opinion of mining and probably make it cleaner in some degree. Typical left wing smear campaign which hate losing anything.