SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : A STOCK TO WATCH THIS WEEK -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (548)8/14/1998 10:29:00 PM
From: zebity  Read Replies (2) | Respond to of 602
 
BZZ rally fizzled out BAM .22 -> .27 and sellers holding

I noticed BZZ rally has fizzled out and its back at .15.
BAM is showing signs of strong steady accumuation with price slowly being driven up as sellers dry up at lower levels.

This strength is backed by solid news:
Barramundi/Normandy joint venture on Wandoo
Large injection of private capital (up to $1M available funds).
Longline exploration is producing good solid results.

Expect some exciting annoucements on Longline exploration (this has come from BAM investor relations).
There are hardly any sellers at these levels as BAM has posted out news to all current stock holders, so they are either buying more or holding out for big news annoucments.
This is indicated by a new round of buyers coming into the market at .27
price will be driven up to thirties very quickly if BAM makes postive news annoucment on Longline exploration.
Cheers.