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Trade Trends with Bollonger Bands and Twiggs Money Flow

BGS - interest building up with its shallow discovery

Chart Forum » Stocks - ASX: short term (strictly TA) » BGS - interest building up with its shallow discovery

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Archive through November 03, 2017peterloh50 03-Nov-17  07:10 pm
Archive through September 10, 2016peterloh50 10-Sep-16  07:52 am
Archive through April 28, 2016tryhay50 28-Apr-16  12:06 pm
         

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peterloh
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Saturday, November 04, 2017 - 06:53 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



another interesting lithium article

https://seekingalpha.com/article/4119062-birimian-limited-lithium-play-set-run


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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If the 3rd wave resembles Fibonacci Elliot waves movement, we could see this goes up to 50c before the 4th wave.







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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Hi Peter,

It will be interesting to see if BGS can successfully make a higher high (after making a HL).

Weekly chart: FWIW several indicators look exemplary IMO

bgs


Happy trading DYOR


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peterloh
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Nice to see you posting again, tryhay. The fundamentals of this company is mind blowing and compared to its peers, it will have to improve many times of its present size just to catch up. I have no doubt the TA will back it up and we will soon see the SP at an ATH. Good luck to all holders. Will post a chart later. The SP is looking good.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, November 08, 2017 - 04:14 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS just broke out from an ascending triangle with an increase in volume. Some drill results have been encouraging as a new area under exploration has several times more lithium spodumene than the current area which resulted in the current transaction activity. This company is lagging in its SP compared to its lithium peers and a sudden rerate of the company is not out of the question, in fact the writer is very much looking forward to the day they do it. Holders will stand to benefit from this. Hope we can give the ATH a workout before the AGM at the end of the month.







-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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muzza
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Hi Peter
Thanks for the update.

Regarding re-rating etc., I hope the following chart is useful - its a little hard to read, you will probably have to zoom your browser. (IC needs to allow better resolution!).

Going back to 31/3/2017 to now, I have had a quick crack at building a Relative Performance chart across the Lithium plays.

Weekly Chart:

Li_Relative

BGS label is hiding just behind NLI.

BGS on this relative comparison has clocked up 40.7%, whereas PLS has clocked up 109.4%

If the re-rating occurs, we just might see BGS challenge PLS and ORE in terms of % gain on Relative Performance.

Probably a view that is only material to longer term players.

Just my ramblings -- DYOR etc.

Regards
Muzza


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peterloh
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Muzza/tryhay, we are just starting.Hold tight for the ride.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Hi Peter,

I tend to agree that it is time for BGS to out perform (given ~18 months of consolidation) & I am holding one long tranche. FWIW I don't wish to top up till price action demonstrates a breakout above 48 cents.

Many equities across various sectors have been performing well (Medical M, Cripto, Mining etc), but there are several market events to balance going "Ãll out long" in this market IMO: (Junk bonds [HYG], Transports [$TRAN], RUT etc..).

A strategy that investing with UBS instilled in me was to maintain a small hedge on one's portfolio (strategically selecting the particular short), but given recent market action I'm tempted to top up short shorts and let the longs ride until stopped out (if in-fact they are stopped anytime soon).

On the face of it the BGS weekly chart does look bullish

bgs


Happy trading DYOR


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muzza
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Nice price action today with volume above the 9 day simple MA of volume

Daily Chart:



The stock looks to be "in-gear" - with the MAs pointing in the right direction, MACD above its signal line (and separating to the upside) etc.

SloStochastic is understandably overbought.

Lets hope we see some nice follow through over the next few trading sessions.

From a weekly perspective, and of course this is an incomplete week being as its only Tuesday - so the picture will change at the close of the week.

Weekly:



Here we see a stage 3 formation - I have overlaid a Standard Deviation channel (3xSD wide) so you can see this formation is upward sloping.

If we get the follow through we want to see 50-55c busted through with some good volume.

Assuming that happens, then we might justifiably conclude that the re-rating is well and truly underway??

And then we should (famous last words) see a stage 2 resumption.

Probably expect some gyrations on the daily before all of that.

Anyway, these are just my views / ramblings - DYOR etc.

regards
Muzza


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peterloh
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Shadetreetrader, dolphin, archer, I hope you still have interest in BGS because lady luck could be soon smiling on us.Tryhay's 48c recent high could be a walk over by next week I hope.This is only a feeling, dolphin, archer or tryhay can tell us how he views it from his own particular brand of tea leaves.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Muzza and tryhay, excellent presentation. Now to add a few more.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Friday, November 17, 2017 - 11:16 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This is a chartist forum, so let's go back to charts.

In the daily chart, BGS has come out from a narrow wedge which ended the ascending triangle and is moving towards the resistant level mentioned by tryhay, 48c. It is now riding on the top end of the Bollinger Bands.MACD histogram and RSI are both moving in the right directions and RSI are trending up, both very good signs.




In the weekly chart, we are looking at Weinstein's stage 2.
BGS has broken out of Winstein's stage1 several times only to have fallen back into stage 1.It has now broken clear of stage 1 now, but will it stay up and will it continue it NE journey?

The fundamentals are perfect for a quick move upwards and the company is all set up for a RERATE, but will it be rerated? Let us examine some points and the reasons for it to have fallen backwards in the past.

Point1: Shareholders were disillusioned with the old board of directors and through 249Ds action appointed a new board of directors.
Point2:The old board and their directors started selling some of their holdings. The company was suspended from trading for a few months pending a governance review.
Point3: When the PFS came out with a 15MT and extreme high cost of logistics and production cost, old management sold further down together with most of their supporters.

What has changed now for the company to progress as it is doing now and the reason that hopes are very high for a multi baggers from here?

1)Basing on the PFS study, it has 15MT, high cost and production 2021.

Now resource 32.9mt @ 1.37% Li2O Indicated and Inferred (JORC) Mineral Resource , high purity
three additional large pegmatites discovered – potential to increase existing JORC Mineral Resource Danaya, Yadoo and Sabali (Note potential 100-200 MT resource)
Production date, 4th quarter 2019 or 1st quarter 2010
Transport and production cost, target 50% reduction.

New Board: Outstanding and excellent management - they mean business.

James McKay – Executive Chairman +25 years commercial and funding experience. Finance, business management and legal experience over a range of sectors and board compositions.

Greg Walker – Executive Director & CEO +35 years resource sector experience. African-based project development and operations, industry government relations and strategic planning.
Gillian Swaby – Executive Director

+30 year experience in resource-focused listed companies. Corporate, governance, finance and management, including development and production in Africa.


Noel O’Brien – Non-Executive Director (to be appointed as at 01 Dec 2017)

+30 years project development and African experience. Lithium processing expert. Technical adviser to Tawana Resources’ Limited Bald Hill project and Kidman Resources Limited Mount Holland project.

Nicholas Longmire – Company Secretary/CFO

+25 years’ experience in accounting and finance, including 20 years in the mining and exploration industry, inc. West Africa.

Darryl Butcher – Project Manager +35 years experience in process design and African project development. Substantial hydrometallurgical experience.

Dr Andy Wilde – Exploration Manager +35 years experience in industry and academia, including exploration in Mali. Fellow of the Australian Institute of Geoscientists and of the Society of Economic Geologists.

November 2016 – Randgold agreement to monetise Massigui gold assets

Expect to receive $1 million initial payment follow by 4% royalty total expected to be 18 million in first year.
At current prices for lithium, could bring in 400-500 million per annum for BGS.

Comparing market capitalization with lithium peers. Big rerate for BGS is due IMHO.

BGS: 82.48M
GXY: 1.528 B
PLS 1.546 B
KDR 451.6M (50% project)
AJM 691.8M
AVZ 479.1M

This is the reason for my high hopes in BGS.The MC and the SP has not yet reflect BGS vast improvements.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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gdd3
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Hello Pierre(et all) ...

Its been many, many fullmoons since I have frequented here(on I.C. and particularly on BGS). Just happened to tune in today of all days ... probably because I was bored!

Anyway, also as it turns out, it has been 'awhile' since I have been interested in BGS as only relatively recently entered a few after exiting way back in May 2016.

Charts support your "continued" enthusiasm, Pierre ... and now others are 'enthusiastic' ... as shown by the charts. Do see a bit of overhead "flack" right here at 47c and ofcourse 50c+ BUT there's more in this Baby yet so hold on!

Weekly AP's show 2 x Bullish forks that highlight there supports and overhead potentials. Daily shows this week's action has also broken out above its Bearish AP ... but does show why I say 47c may temporarily halt proceedings.

As ever, Good luck with her, Pierre ... I see you have many sheep stations bet on her!

Dolphin

Weekly A.P. Chart ... note how the supporting momentum oscillators are all very excited and 'opening-up'...



Daily A.P. Chart ...




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peterloh
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Hi dolphin, always good to hear from you, hope you are well. It is also good to know that you are back on BGS, hopefully we will be rerated soon. Just bought a few more this morning. Some investors even think we could have a trading halt soon with a new listing of 50c+.Looking forward to that if we don't achieve that before the AGM on its own. As usual, your charts are always educational and informative.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Coming out from the AGM of BGS in Perth, someone said hello to me. It was no other, than dolphin. We have never met each other before although for many years we have chat in IC. He is one of my top charting idols, so for me it was very good meeting him. As I was flying back into Sydney that night, I did not have the opportunity to meet him again. However I hope to meet him again soon.

The AGM meeting itself is very positive. Management is in talk to off takers and we could be signing some agreements soon with some big ones, although management is secretive. Drilling results have been positive and over 100MTs in resources is not out of the question for BGS. Having a SP of 60c and above would be nice for Christmas.

Will post charts later.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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gdd3
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Hi Pierre ... Yep, agree, nice to put a "face to a name" after all these years(of missed opportunities).

BGS certainly on the move with a significant move today. An update to my A.P. charts show the "breakout"(above last year's yearly high) and our newest high since July 2011(Stock structure/focus far different then).

Both Daily and Weekly charts do however show potential S/T resistance just above BUT that may only see a (healthy)re-test of the 48.5/53c old barrier at best ... if at all. Still, technically we have had a great run up from the low to mid 20's support and I wouldn't begrudge a consolidation even if just for a short time.

Certainly, as long as we stay above mid/high 40's, it looks great going forward for investors/traders alike.


Weekly A.P. Chart Update ...




Daily AP Chart Update ...




As always ... Good luck with HER ...

Dolphin


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muzza
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Nice Chart and analysis Dolphin.

Following up - all I can say is "Boom"

Daily:

BGS6

Earlier I suggested that it would be good to see follow through PA that breaks 50-55c.

Well we saw that today on relatively strong volume.

I agree that we are likely to see some consolidation / profit taking at these levels.

For us longer term folks lets monitor for a pull back on weak volume followed by another run up which would signal an impending stage 2

Just my thoughts

Regards
Muzza


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peterloh
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Look like, we are racing towards 80c for now, muzza. Institutions are now starting to get on to the register, who knows how far this will go. The MC at $130 million is still very low compared to its peers, so I am happy to be holding and buying on dips.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Friday, December 15, 2017 - 03:24 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)







As shown in the daily chart, BGS is in an ascending triangle, a break out would probably be a matter of course.
MACD and RSI are in alignment and BGS will go on another new high.

In the weekly chart, BGS has broken out from the recent ATH of 53c. There is little resistance or overhead barrier and BGS will probably be making another new weekly high.

In the daily chart 60c will become its main future support and in the weekly chart 53 could be the new support in the short term. Longer term, it looks like all blue sky and little barriers of stale holders baling out.

2018 could be BGS year. It could be the new leader in terms of most growth compared to its peers in the lithium group.
Holders will be in for a very exciting year. BGS could be a top 5 global lithium producer when they have completed its recent drilling by the end of January. Not only that we could have a minimum of a 2MT mine with a JV partner coming to the party and the current SP will become a thing of the past. BGS could have a 100MT resource by the end of the first quarter of 2018. I am a biased and keen supporter of the current BGS management which appeared to be doing everything right.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Monday, December 18, 2017 - 07:26 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)






Muzza, just compare the market capitalization of BGS with its peers lithium group. Its resource current is 32.5MT and has the capacity to get to 100MT without much effort yet it is only 10% of what KDR is, yet it owns 100% of its tenements not 50% as in KDR. The shares is so under valued that there is room for a big rerate. Thus I am holding this tightly and always buying more on dips.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Monday, December 18, 2017 - 12:33 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Three months daily chart showing BGS trend.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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dydavo
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Monday, December 18, 2017 - 02:07 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well done Peter - helluva ride!


David
Momentum trading for a living.

Disclaimer: Please note that comments made in this column are mainly for the interpretation of charts in technical analysis. It should not be taken as advice.Any share discussion is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Shares might be sold without notice. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Monday, December 18, 2017 - 06:42 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS has just woken up, lets enjoy the ride, dydavo.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Thursday, December 21, 2017 - 06:48 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



STT has said of his interest in BGS, I hope he still maintains his holding in the company and enjoying his ride.
Directors have issued 12 million shares to institutions at 39c when the current SP was 48c. This is helpful with the liquidity and gave BGS more power to do a lot more drilling to increase its resources.
The drilling has already produced good results
Latest assay results show thick, high grade intersections of lithium mineralisation at Yando.

In particular, geochemical results for Yando returned high Lithium grades on drill section 1253400Mn, with best results being:
44m at 1.86% Li2O and 16m at 1.43% in hole GMRC156; and 27m at 1.55%, 10m at 1.75% and 18m at 1.26%, in hole GMRC157.

Resource definition drilling commenced at Sangar, so far extending mineralisation by 600m. Sangar is now more than 800m in strike length and remains open to north and south.

A second dual purpose diamond/RC drilling rig mobilised to site on 13 December 2017.

Auger drilling is 96% complete, extending occurrence of spodumene-bearing pegmatites at Main and West 600m to the north and identifying a new pegmatite 800m west of Yando.

Two new areas at 600M Sangar and 800M at Yando is more than inspiring.

Putting all three together will take us past 100MT resources for a start.

With institutions starting to buy in and BGS to be admitted to S&P ASX 300soon, I expect the SP to go on a lot further from here.

In the daily chart, I have run out of parallel lines to draw as the SP pushes higher. We are witnessing rinse and repeat, flagpole etc. In the weekly chart, the SP is starting to move ever so sharply and is starting to reflect what BGS has achieved.

Please don't forget to DYOR if you intend to trade or invest
in BGS.










-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Thursday, January 04, 2018 - 10:19 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS, rinse and repeat continues on in the daily chart. In the weekly chart BGS is prime for a vertical rise, MA and MACD looking good and 2018 could be BGS year. You are still holding, tryhay.





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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Thursday, January 04, 2018 - 11:14 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Peter,

Yes I have a small residual, other PM stocks currently held include: AZS, PGM, DRM, & multiple toys as well. OAM Last year's family issues have been resolved - allowing for a larger portfolio.

BGS price action may have hit some resistance around here - but I don't expect any retrace to be substantial (maybe a topping up opportunity).

Weekly chart: According to Hoyle price action will need one more challenge before slicing through.



bgs w


Happy trading DYOR


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peterloh
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Thursday, January 04, 2018 - 10:15 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS has been a life changer for me, tryhay.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Monday, January 08, 2018 - 02:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This is the story and appears to have some way to go yet because what is not shown on the chart is the company's low market capitalization compared with its peers other lithium companies.




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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Friday, January 12, 2018 - 06:51 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



For traders, it looks like time to buy. BGS at lower end of channel on an up trending share.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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dydavo
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Friday, January 12, 2018 - 09:14 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Thx Peter, and I do buy.

Cheers


David
Momentum trading for a living.

Disclaimer: Please note that comments made in this column are mainly for the interpretation of charts in technical analysis. It should not be taken as advice.Any share discussion is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Shares might be sold without notice. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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gdd3
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Tuesday, January 23, 2018 - 11:29 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS still looking good on the charts plus "lovely" announcement today.

Weekly AP Chart show SP action still well above the MT of the L/T AP and now back above the LT of the "faster" AP PLUS slow MACD still widening whilst bothe the 50 + 20CCI still holding onto its uptrend and above 100% levels.





Today's announcement ...






Cheers

Dolphin


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peterloh
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Wednesday, January 24, 2018 - 08:03 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Dolphin, your chart illustrate the sharp rise(gradient) in the SP and BGS is looking good indeed.

Greenbush is the world biggest, I am early and BOLD, we could be the world second biggest and yet our MC is only $159million as yesterday. Other companies with similar resources already have MC over a billion dollar. Looking forward to a genuine rerate of the SP, Dolphin. I won't be surprise if it comes before Chinese New Year.

Sangar, alone in the new area is already thicker than the main and West which already is 33 MT in resources. The quality is also of higher grades as shown in BGS announcement yesterday.

Another new area Danaya has also intersected fresh spodumene
pegmatite.

This latest information is beyond all expectations and holders are likely be well rewarded in the year 2018.

The trend is intact after a false break(noise),MACD though negative is starting to move up.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Sunday, February 25, 2018 - 09:16 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Interesting article for new investors.

https://www.getrevue.co/profile/Thunder54/issues/asx-just-the-tip-issue-15-98067


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Monday, February 26, 2018 - 02:31 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well Peter, nothing goes up (or down) in a straight line! I was not originally expecting >61% retrace of the most recent swing - & FWIW am not confident that the consolidation is done here.

It is comforting to see Higher Highs & Higher Lows still being carved out, & that the fundamental story is still rosie

Long term Weekly BGS chart: for any interested - Accumulation distribution still seems to work OK

bw


Happy trading DYOR


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gdd3
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Monday, February 26, 2018 - 10:39 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi T 'n P ...

An update to my fork chart ... Still proving very useful for supports. Recent bounce from the 43c low came very near from a cluster of supports. MT of the long-term fork, LT of the nearer-term fork plus the (dotted) downtrend line. Fast CCI(6) turned up from the -150% level but more importantly the slow CCI(50)turned from just above the 0% level. Histogram looks to be about to turn up from the 0% level whilst the MACD is still holding +ve. Might cop a bit of "flack" in the high 60's/low 70's in the S/T but whilst it holds above the 48.5/53c support zone I think BGS will at least test the Dec. 17 high and more likely make new highs relatively soon.

Cheers
Dolphin




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peterloh
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Friday, March 09, 2018 - 02:29 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Looking at the 5years weekly chart, BGS initially established a stage 1 from June13 to March 16. There after it ranged again between March 16 to December 17 , we now called this new period stage1.In December 17, BGS has broken out and rise strongly only retraced to retest its support in February. Having retest its support, I anticipate BGS will continue on from here. Looking at the TA, we look for an explanation through the fundamental of things. BGS was rising strongly, why did it retrace or corrected so strongly?
Firstly there was a fright that there would be an over supplied of lithium. Then came the US volatility. Thirdly, there was a long absent of an announcement by BGS itself.

With all the EVs coming on to production, it doesn't look like the demand could be met.The volatility has now moved to the background. BGS after 6 weeks of silence is about to have another announcement of its progress.

The SP has once again cross over the 30weeks MA with the RSI starting to rise above neutral and the MACD histogram turning upwards in its still positive mold



In the daily chart, BGS is on the lower platform and about to turn up. With an avalanche of announcements coming on, I expect the SP to give the ATH another work out soon.
BGS has retraced along with its peers, however as the market capitalization is still very low, I expect it to outperform its peers in 2018.

MACD histogram is positive and RSI is above neutral and turning up.I expect the SP to run strongly again.
All comments are most welcome.



-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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Saturday, March 10, 2018 - 06:14 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I'm not so bullish on BGS for now. Next week could reveal more detail on the direction, my 1hr chart indicates it could go in any direction up or down so any news would be the deciding factor.





(Message edited by sPdFgH on March 10, 2018)


Just another potato.

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peterloh
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Plenty of announcement on the way which will enhance the share price. In short BGS retraced after a strong rise from the early 20s to 84c.It corrected to 46c and went to 64c. From 64c, BGS went back to 54c to find support. This last wave would probably bring us back to test the ATHs. I am extremely bullish and am adding to my position today. DYOR and GLTAHs.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Wednesday, April 11, 2018 - 09:35 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Looks like read it & weep time for $BGS: Support is being tested on marginal increased volume with positive results released today - looks like top up time IMO ( the conservative would wait for a confirmed trigger & so miss the better price maybe...)

Weekly chart: some of the daily and weekly indicators that matter are lagging & the chart may be a tad busy but a pic is worth 1,000 words...

bw


Happy trading DYOR


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peterloh
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Wednesday, April 11, 2018 - 11:12 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well spotted Tryhay. This has been a long journey, hopefully these few months, everything will come together. There is plenty of ups and downs, a 249d action leading to a change of board, a tiny spec gold exploration company becoming a by product company mainly lithium and gold.
Results from its gold is coming to fruition with a deposit due of US$1 million and a 4% royalty.
BGS shareholders are looking forward to its JORC by the end of April, aero mag survey, PSFv2 by mid may, appoint of MD to take it forward, producing lithium at less than US$300 whilst the SP is US$900 per ton. Indicated resources of 60MT indicates reserves for 20 years production at 2 MT per annum minimum. All these with a MC of under $100 million would have to be the cheapest and most under rated lithium company in the world. Last but not least is the appointment of a offtake JV partner. BGS is due for a rerate, but first it has to get up from its current support now.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Looks like BGS top up time is around 52/54 Cents.

Daily chart: Looks to be performing fine IMO

bd


Happy trading DYOR


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spdfgh
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I don't know... I'm still a fair bit bearish on BGS until long term MACD flips to the green and that won't happen any time soon without something big happening to re-rate. So BGS might keep cycling lower or range sideways?

My view is BGS will rally to recent resistance at 0.58 and then drop back to lower trend line.
Nothing will convince me otherwise, the ST/LT MACD indicates a pump and dump, and I will be all to happy to post the results in a week or so, or eat my hat (again!)

Alternatively what could happen is the short term MACD may post a 'another' higher upward crossing closer to zero line which would indicate bullish sentiment for sure.

Any buying would have to be done at the lower trend line area.
For now I'm calling a short term cycle trade (otherwise why would you be in a falling stock like this?) with trade exit at upper trend line or resistance H-line just to be on the safe side and to stay in cash ready for a break if it happens.

Then again I don't understand your trading methodology, or why you are calling it top up time, so don't take my negativity to heart. It's just not my trading style to be in a stock making lower highs.




Just another potato.

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tryhay
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All valid points spdfgh.

I originally expected BGS price action to achieve ~30 Cents, but it looks like the move has been truncated - The daily chart suggests to me that resistance will soon be hit & the expected retrace will get to say 52 c & if in fact the move is truncated then another attempt at resistance will occur - so the plan is to buy on that next swing higher (however one could buy now if one wished/had funds available etc.).

Being a public forum you don't have to understand my trading methodology, or why I am calling it top up time, because it is your money that you invest and your competent brain-power that allows you to invest as you obviously see fit - each to their own...


BTW another share that may be of interest is SEI: it just failed at resistance & may well form a H&S base before popping out of its stage 1 base.

Weekly chart: FWIW


sw


Happy trading DYOR


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peterloh
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Thursday, April 19, 2018 - 05:13 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Different TA traders have different approaches, timeframe and style. I use FA to assist with my technical approach as this is additional information which will enhance the results. I like tryhay's odds of success here, for only one reason, that I understand this stock more than most people.
BGS is near the juncture, if it doesn't perform now/or soon, it never will. BGS has gone up12.77% today on very thin volume. Light volume because of the limited availability of the stock to the market. The shares are very tightly held by the T50s shareholders.The MC is relatively low compared to its peers group and thus the reason for it to be rerated. BGS will get its JORC out by the end of the month and PFS version2 by end of next month.
This will be several times to what was given to the market previously. It is the only unattached dancer on the dance floor and will be like honey attracting all the battery manufacturers. Originality bought for a short term trade in 2015 and ended up being a T20s holder with increased holding every year. BGS is in gold and lithium, both resources very much in demand. It has already sold its gold tenements to a manufacturer with an annual income of royalty US$5-10 million each year for 2 years and expectations of more to come from other tenements around the same area. Certainly BGS is a resource company with great expectations in the very near future. Good luck tryhay.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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Thursday, April 19, 2018 - 06:43 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Going to add my 5 spuds worth... I like the name! and it's not the first time a company with a good sounding name has attracted attention... for that reason I think it's a 1.00 plus stock!

Intraday (60) does look good, Entry being the obvious point I missed.
Could go for a run any day now, but will be capped by Daily chart technical's.
If BGS doesn't make a company maker announcement soon, default back to daily chart MACD, and possibly take the route of PGM of lost $$.
GLTAH!

Yes well into beer o'clock here!




Just another potato.

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peterloh
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Friday, April 27, 2018 - 11:47 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Spdfgh, today BGS has broken out at back of some very promising results quoted below. This morning it hit 58.5c and retraced to 55.5c. It is too early to tell from here as I expect the SP to continue its upwards path. Meanwhile you are spot on the retrace from 58.5c, but for how long though! Your estimate of $1+ in the longer term is one I do agree with you on. Hopefully long before the end of the calendar year. As for your timing "time to add on", you are on to the minute, well done tryhay. Meanwhile I keep and maintain this collection of mine, looking for more interesting news for weeks to come. More good news on the way.







"27 April 2018

BIRIMIAN CAPITALISES ON OUTSTANDING EXPLORATION SUCCESS AS IT DOUBLES GOULAMINA RESOURCE


HIGHLIGHTS
 Goulamina total Indicated and Inferred Mineral Resource has doubled in size following recent exceptional exploration success.  Revised Mineral Resource is 65Mt @ 1.43% Li2O for 931kt of Li2O. o Represents an increase of 32.1Mt @1.50% compared to the previously reported Mineral Resource. o Contained Li2O up from 451kt to 931kt. o New material added is generally higher grade, which has led to an increase in the average grade of the Mineral Resource.  Revised Mineral Resource is from Main, West and Sangar deposits only.  Yando, Danaya and Sabali pegmatites are yet to be included. There is a strong likelihood of further significant increases in the Mineral Resource for the Project.  A further updated Mineral Resource estimate will be undertaken following completion of the current exploration program underway at Yando and Danaya.  Results exceed Birimian’s expectations and validate the strategy to aggressively explore Goulamina. Results bode well for the maiden Ore Reserve and suggest improved project economics in the upcoming revised PFS. "


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Sunday, April 29, 2018 - 11:58 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Pete, you may well be right.

But FWIW that last candle on the daily does not look healthy: it's the wrong colour, suggesting a retest of break (& possible undercut to MA support IMO).

BGS Daily trace...

bd

How often do we see good news baked into price already?

(Message edited by tryhay on April 29, 2018)


Happy trading DYOR


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tryhay
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Well I don't think it is as simple as good news baked into the $BGS price; Looks more like eventual higher prices after the shorters have had their fill! Recent company announcements suggest that 52 Cents is unlikely to hold IMO

Daily chart: Another bearish looking candle (topping tail), MACD finely balanced, MA support being tested & with company announcements that only a mother could like!

bd

planning on top-up at lower prices ...


Happy trading DYOR


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peterloh
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Agreed with you tryhay. BGS is having its AGM on the 29th May and a series of announcement is expected which may be the catalyst that rerate the SP. In the daily chart BGS has broken out of a 6 months down trend. The Bollinger Bands have tightened and now begins to expand.



In the weekly chart, BGS has returned to the support level. The last candle is a doji/hammer which could signal a reversal of the last 3 weeks retrace.



Since the last PFF version 1 which has BGS with a 15MT resource and a cost of almost $500per ton. PFS version2 could has a 80MT resource and a cost per ton below that of $300. With a 2MT or 4MT pa plant we are looking at hugh profit if and when product commenced.


MARKET CAP AS OF 15/05/2017

PLS 1577 million
GXY 1308 million
AJM 628 million
KDR 748 million
AVZ 327 million
AGY 276 million
TAW 241 million
NMT 171 million
BGS 115 million
PSC 77 million
SYA 76 million (plus new dilution)
CXO 32 million
ADV 18 million
GPP 12 million

KDR is 7 times the MC of BGS, yet it still holds 50% of the tenements. BGS compared to its peers lithium group is very under value. BGS resource is near surface. Great expectations of a rerate is a possibility IMO.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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I don't doubt the fundamentals, just having trouble with this:
"In the daily chart BGS has broken out of a 6 months
down trend" and "Great expectations of a rerate is a possibility IMO."

I may be reading out of context, but my (other) daily charts says otherwise.
Not that I don't have trouble enough with entries of new stocks, accumulate or wait until breakout??
May sees me sitting on the side thinking about an ocean going sailboat...




Just another potato.

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tryhay
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Isn't it nice to see diverse points of view whilst discussing stock chart technicals & fundamental matters?

From my POV the daily & weekly charts are finely balanced, & I think the fundamentals are likely to tip the price action in a positive direction - a bit more volume would confirm the prognosis.

Daily chart: Gives the appearance of a breakout, moving averages supporting price action (for now), up-trending support looks to have been respected & the MACD is at zero.

bd

Weekly chart: Shows a reduced volume trace on this current consolidation, also looks like a break of the trendline, the indicators that matter are close to breaking out, & long term support looks to have been respected.

bw

Must be time to top up IMO


Happy trading DYOR


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peterloh
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An ingenious approach, spdfgh. Each time when the SP climbs another high the slope is adjusted to that so that instead of showing a break out, the down trend continues but at a lesser angle/slope. Thus the picture reflects what you want to see. My treatment is to draw another slope parallel to the previous one on a higher level to show the higher price level. Currently a flag pattern has emerged which is bullish. Just my interpretation. We will know by next week if there is any change in sentiment as the AGM is on the 29th of May.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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Added back redundant trend line,... if I leave it there BGS will follow it down... as a market maker, just saying...




Just another potato.

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tryhay
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Daily $BGS chart: Looking more like a breakout: moving averages are supporting price action, up-trending support has been respected, increasing volume trace & the MACD has turned up with other indicators that matter positive.

bd


Happy trading DYOR


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spdfgh
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BGS is looking better on volume front as well, BUT I'm not so sure of the imminent "breakout" just yet.
Several points for the argument of a retrace to lower base line (before a breakout might happen);
1. MACD long term (260,120,90) is well situated below the signal line, this will take time to reverse.
2. MACD (100,50,30) is still not resolved like it should be above zero line and / has crossed up above signal line.
3. Weekly price did not close above upper downtrend line, although close was very close to it.

There are healthier looking stock (charts) out there to measure BGS by, where MACD's are resolved and pumping onwards and upwards.
So I have capped the stock moves to the 0.58c range for now, with the lower trend line to support any dumping.

And I note again how thin the volume is compared to the price movements some quite severe.
To attract the sort of volume required to drive BGS through resistance is not there yet,
but smaller accumulators will, through short term trading induce volume to levels that will ping a signal on the larger traders software.
So small scale 'buy and hold' hording traders are not helping this stock at all.






Just another potato.

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peterloh
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PFS Version 2 plus off takes will get this one over the line.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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BGS things are turning green... slowly... One more dip
L/T MACD needs more time to indicate and reflect bullish momentum trend strength. Macd 100 will indicate price sentiment.




Just another potato.

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peterloh
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A very updated chart spdfgh,your chart says it all. Picked this up from a contributor in another forum. If this is not an indication of what is ahead, prospect or potential, I don't know what is. Lets hope the next chart shows everything up.

"
We are at the doorsteps to opening a mine.
Today we have recruitment for a metallurgist, a electrical engineer and we have now appointed Mark Hepburn as the corporate development manager.
We also have GW as Executive Director, Noel O'Brien non executive director with lithium and development experience in Africa, Darryl Butcher as Project manager.
We have James Mckay, chairman with long commercial and funding experience
Gilliam Swaby, corporate governance
Noel McAuliffe –Chief Financial Officer/Company Secretary
We are currently looking for a sales and marketing person to complete the role of marketing our lithium.

We are at the verge of presenting PFSv2 with expanded resource and improved economics.
DFS to commence soon to develop Goulamina as a high‐quality, large‐scale, low‐cost lithium project, targeting production by 2020 to capitalize on a supply constrained market.

We are also realizing the value of our highly prospective gold projects

This is what we have achieved to date:
Mineral Resource doubled to 65Mt at 1.43% Li2O and remains open in all directions PFS2 due for completion in June quarter Material cost reductions identified and quantified Targeting lower cost, longer life operation Exploration ‐extent of known pegmatite field quadrupled

WE MAY HAVE POTENTIAL RESOURCE OF UP TO 120 MT

BGS is in a well place position as Roskill shown: FORECAST:
•Electricvehicles26.3%
•Consumerelectronics7.5%
•Renewablegridstorage16.5%*

Demand for lithium•
Longer life cycle, low weight and high energy density

Time Frame: Not long now
PFS2H1 2018
Drilling and resource updateH1 2018
DFSH2 2018
Regulatory approvalsH1 2019
FinancingH1 2019
Final investment decisionH1 2019
Construction commencementH1 2019
CommissioningH1 2020

BGS is still single, very eligible First Lady in the Lithium World. Many eligible courters could well be sniffing around. "

I am convinced.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, June 20, 2018 - 11:57 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This is like watching paint dry. It is a slow process but a life changer for me. The Bollinger Bands are tightening and likely to burst into a direction. MACD is neutral and its next move will decide whether the direction will improve. There is plenty to look forward to on the fundamentals, lithium has cooled down a bit but a commodity still very much in demand. Good luck to holders.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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dydavo
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And good luck to you with $BGS Peter. A bit of momentum today, and it could get interesting if the price clears and then holds 0.55.

Cheers

David


David
Momentum trading for a living.

Disclaimer: Please note that comments made in this column are mainly for the interpretation of charts in technical analysis. It should not be taken as advice.Any share discussion is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Shares might be sold without notice. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Thursday, June 21, 2018 - 09:59 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Dydavo/ spdfgh, thank you for your good wishes. I am confident BGS's SP will go forward from here as there is plenty to look forward to.

Roskill ranked BGS third currently for hard rock - in the whole world basing on the current issued resources published. New applications have been submitted which will bring the resources to three digits, this will make things even more interesting.

On a recent analysis by a shareholder with an engineering background, he is of the opinion the profit from the 1st year will be sufficient to cover the first year capex of 2MT and if progress along that line, the 2nd and 3rd MT could be build in the following years.

The extra excitement is, BGS has current shares issued of 230 million so compared with its peers, the SP has to be reviewed or rerated basing on what resources it has. Once in production, the company could be rerated basing on dividends, thus the exceptional attraction it has compared to other lithium companies.

The PFSv2 could be out any time and the SP will be trading very different to what the shares had been trading in the past.
Thus there is plenty to look forward to, so keep an eye on this one.

Muzza, tryhay and shadetreetrader, don't know whether you are still holding, some holders are appearing more optimistic this time round.


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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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tryhay
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Thursday, June 21, 2018 - 11:31 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



$BGS has been hesitating since late April, but today has provided a definitive top up signal with respect to price action & other indicators IMO.

Daily chart: FWIW

bd


Happy trading DYOR


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spdfgh
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Daily chart is looking interesting.




Just another potato.

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peterloh
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This is the one we have all been waiting for.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Tuesday, July 03, 2018 - 04:57 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Basing on your experience, is there anyway where we can forecast a price target with certain accuracy, spdfgh?
BGS is in TH prior to the presentation of the PFSv2. Drilling results have indicated that the company has to date a 100MT reserves so a 20 years mine life is not a problem. Indications are management is able to reduce cost to less than $300 per ton and with a Selling price at $750, there is certainly a good margin build into it. The company can commence with a 2MT plant which will enable the cost of outlay be recovered in a year.
Now that we know how much of the high quality lithium is available, signing an agreement for its off takes wouldn't be far away. Being located in Southern Mali, BGS is at the door steps of Europe with its supply.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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Tuesday, July 03, 2018 - 09:58 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Don't know. When the moneybags get onto this, the upper limits they dictate.
I'm not convinced its an entry yet, to many indicators need time to improve. Better volume (equivolume) on the weekly, long term MACD weekly DMI adx not near 20 level... Shorter term chart periods are improving 60min 30 min but I consider BGS still in the short term trading zone. I note MACD 100.50d looks good.
I'm more relying on the 100,50 stochastic crossing the 50 mid line these days for accumulation on rising levels, Stochastic Histogram crossing zero line in trading view for same accumulation. Although my entries are still a work in progress!








Just another potato.

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spdfgh
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More substance for my LT MACD setup. BGS was dropped by larger holders, for who knows what reasons. So until the money bags come back to BGS, probably when they have doubled and tripled their money bags elsewhere...(where but ??)

1st Lower down trend line hit, LT MACD not resolved by a large margin; actually lines diverging opening up not closing this could take months to resolve.

Never took a position, couldn't see the proof of the trade. Still on my watchlist, as lower price around mid to high 20's could be a good entry base to work some shorter term trades off, until LT looks better.






Just another potato.

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spdfgh
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Interesting times for BGS.
My orders in sub 15c fingers crossed this market down day is severe enough...



Just another potato.

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bib
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I have been accumulating. EVs and Stationary storage are the way forward.
DFS due in coming months.
Spec hold for me.
My other Lithium spec is CXO.
These are not recs just specs.


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spdfgh
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Just a note: I pulled that BGS order. I'm over the speculative mining sector (thanks VIC!) and there are people with bag$ full manipulating prices at these levels. I mean for a 50 cent plus stock to drop to 16c is effing shameful and indicates its true value as junk.


Just another potato.

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bib
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I am not trading these mining specs. Could not be bothered with the hassle you descrided above. Just a ' flutter' at the races. I did not refer to the charts. I would not trade a minnow unless it was in a pretty good uptrend.
I figure if BGS does not get the resource to production then someone else will throw a bagfull of money at them to do it.
Once all the 'red tape' is done and dusted its practically a simple lowish cost 'dig and deliver' operation'. My opinion only.


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spdfgh
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These specie mining stocks simply don't have the hundreds of millions to throw at developing their tenements. Lesson learnt KRC/KRR who announced they would need over a Billion $ to advance. These companies sell their JORCs like used car salesmen, ramping them in broker reports, announcements and forums.

For Lithium mining the WA Greenbushes Talison Lithium mine is a classic example of why Australian small cap miners can't do large scale hard rock mines, and why unlisted private American companies can.

The best an Australian small cap mining company can hope for is a takeover, partnership with a large cap or buy out. Like finding a lost needle in a haystack! So they string it out for as long as possible, collect Directors fees and options and ramp up the stock price with Crapola!...

The ONLY small caps I would consider is CLQ.

Anyway,.. BGS seems to have settled at 0.16, until the next market wide shake out. I would re-consider BGS at around 0.07 to 0.10c if they continue their downward spiral.


Just another potato.

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peterloh
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Friday, February 22, 2019 - 12:39 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Agreed with bib and spdfgh specs are difficult to trade and success amongst minors are far and few in between. However if we happened to pick a successful one, it could be very rewarding.
I happened to have traded BGS in the past when it was initially a small exploring gold company. I got into lithium a few years back when lithium was just getting known and BGS bought the lithium tenements in Mali. My interest in the company caused me to exit some other lithium investments and concentrated in the oompany. Since then I have accumulated a reasonable holding in the company.
Strangely enough almost all the top20 holders are still there except the bar which used to be 1.8 million is now over 2 million. I am an investor in the company however there appears to be interest in BGS there could be an opportunity for a small trade here.

In the 5 years chart, BGS broke out in April 16 and reached a high of 80c in Jan 2018.The share price has now returned to the support level. I noticed the capitulation to 13c last week caused by the selling out by a small holder which acquired it for trading at 17c at a sophisticated placement issue.

In the 3 months chart BGS could be reversing it downwards trend as MACD is starting to turn positive. It could be early days, however for investors like us, there is plenty to look forward to.






-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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I wonder why a 'major' dumping would attract buyers for BGS price to rise from 14c to 18c this week?

And the BGS chatter hots up:
https://stockhead.com.au/resources/junior-spotlight-an-interview-with-birimians- chris-evans/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter%20Fr i%20Feb%2022&utm_content=Stockhead%20Morning%20Newsletter%20Fri%20Feb%2022+CID_f 103f128a4ba31a98fc0f63e7c96dfb9&utm_source=Campaign%20Monitor&utm_term=The%20Exp lorers%20Birimians%20Chris%20Evans%20on%20pitfalls%20project%20development%20and %20that%20100m%20tonne%20Mali%20resource


Just another potato.

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peterloh
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Friday, February 22, 2019 - 09:41 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



The "major" you were alluding to only had a few hundred shares through the recent placements at 17c.A quick profit didn't come quick enough, and buyers were waiting to be sold into.The placement was at a 15% discount, thus regarded as cheap by many shareholders. The EGM were for shareholders to approve directors acquiring at 17c, quantity 1.8 million. Skin in the game is a good signal and they will still be plenty to come. This placement were for Mark Hepburn and Brendan Borg and new directors Chris Evans and Dr Alistair Cowden gave indication they will buy in the market. The new board appears to be very committed and shareholders are now more confident than ever.This new enthusiasm will be reflected in the share price next week.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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spdfgh
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I find these mining stocks operate on faith from their followers, keeping that in mind the chart does look better for recovery, but plenty of overhead resistance on the way back up though.
Most illuminating of reviews Ive read recently is the above Stockhead one.
BGS have the goods just need to get in there and dig a bloody big hole to get the stuff out, and process it all through 100's of million$ worth of processing plant.

I still think it will be sold off, because it takes more than well dressed Australian business graduates to mine ore, it takes diggers, trucks, ore processors, (Caterpillar Inc.) dozens of them.

Either way I will take a punt and see what comes of it short term, when things retrace or 18c to 19c is secured as a support line.

Keep the thread informed peterloh, I find it hard to concentrating on one stock, and most slip away from me very quickly.




Just another potato.

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peterloh
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Stockhead interview with Chris Evans give excellent information of BGS contents, 5th largest lithium deposit in the world with excellent grade and low costs. This will be one of the lithium deposit outside Australia to go into production. KDR's market capitalization is over $1 billion,
BGS is only about $50 million with its spodumene at less than 150M deep against KDR which is 200M deep for a start. BGS has at last, got the right management, experienced and professional directors to take it all the way to production.
With the small number of shares issued, even if a predator wants to take the project off BGS hands, we could be looking at 10 baggies, if we believe electric vehicles will be the biggest change in scientific revolution in the next 5 years.
BGS has broken out from a descending triangle and last Friday's close is a good indication of the reversal and the strength and volume behind it. Many of the holders have BGS in their personal and SMSF portfolios. BGS is a tightly held company with not many shares on issue, so any interest from a new party will see the result reflected in its share price.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Interesting Progress

BGS breakout from a descending triangle with volume. It is interesting to note that directors have been buying in during the week. Shareholders are looking forward to many forthcoming announcements.





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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Wednesday, February 27, 2019 - 04:18 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Managing Director Chris Evans on #BGS #goulamina #lithium project....

“We’re on the cusp of receiving offtake and funding for the project”

https://t.co/NlhfjbgN3N

Yes.

We are.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Tuesday, March 05, 2019 - 08:48 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



BGS has returned to close the gap at
18c. Hopefully that being done, will continue to trend upwards. Refer chart above.


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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In the chart below, BGS has been in the down trend for the year. On the 14th of February it appeared to be the bottom. After testing this for 3 days, started a minor upwards trend. MACD is still in the positive. Checking on the fundamentals, directors appeared to start buying and have now appeared to add more on to their portfolio.





In the chart below,a manifest of the last 3 months action, BGS has returned to close the gap and now appeared to start moving up again, in line with the support line. BGS needs to break out from 21c to confirm the up trend.



-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Tuesday, March 12, 2019 - 08:58 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



https://t.co/ZUdyQ7TsgL

Interesting article


-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis or comments and insights of both macro or micro issues and not intended to be taken as investment advice or a recommendation or solicitation to buy, sell or hold to any security or to adopt any investment strategy.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. All investments involve risks including possible loss of principal. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect. It is not a complete analysis of every material fact regarding any region market, investment or strategy. Market and economic conditions do change, comments, opinions and analysis are only current as on the day it is written and may change without notice. It should not be relied upon as a recommendation or forecast by the writer.

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scarlettsmith694
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Thursday, May 23, 2019 - 02:21 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Peterloh

I have recently checked your article about the
"Lithium Play Set To Run" and it is incredible and gave me enough information also I have checked the Key drivers of the PFS NPV it helps me to clear the confusion about determined and conservative cost.


ScarlettSmith

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benson
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This thread has slowed down somewhat.

How is BGS going, are there any updates ?


Are they still trading on the ASX ?


https://finance.yahoo.com/news/imagine-owning-birimian-asx-bgs-030353802.html?.t src=rss







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dydavo
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Hi Benson,

see https://malilithium.com/


David
Momentum trading for a living.

Disclaimer: Please note that comments made in this column are mainly for the interpretation of charts in technical analysis. It should not be taken as advice.Any share discussion is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Shares might be sold without notice. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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