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BOA - Boadicea Resources

Discussion in 'Stocks 0-H' started by springhill, Aug 28, 2012.

  1. springhill

    springhill Make the drill work for YOU

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    First day trading.

    Open - 50c
    High - 64c
    Low - 45c
    Close - 56.5c

    Volume traded - 1.17m

    832k buy v 77k sell.
     
  2. springhill

    springhill Make the drill work for YOU

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    BOA rebounding nicely after initial profit taking following its very impressive first few weeks.

    Sell side has dried up completely. 549k buy volume vs 49k sell volume.

    It is my information an option issue is coming up and that it will be brought forward to within a month or so after listing. Lack of sellers indicate there are a lot of investors waiting for that option before profit taking or flogging the options for a quick buck.

    I know I am.

    For those that think 57c is expensive for a float with land that has not proven to have anything under the surface, the MC of this is only $11.4m (taking into account the latest quarterly reporting 20m tradable shares after 4.2m were released from escrow on Oct 31st).
     
  3. burglar

    burglar

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    Now trading at all time high of 65 cents.

    Still no sign of speeding ticket!?

    I do not hold.
     
  4. springhill

    springhill Make the drill work for YOU

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    I must make a correction to my previous post. I misheard the JV element as coal, further discussion confirms the conversation revolves around gold, not coal. Apparently these plans have now been put on the backburner.

    I was told to keep an eye on a release from Buxton Resources. A positive EMG result would sandwich BOA between the SIR and Buxton results.

    Burglar, the option issue is delayed beyond what BOA had hoped but they are issuing it as soon as possible.
    Can't get the option if you are not invested I guess! May explain some increased demand.
     
  5. burglar

    burglar

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    Made too many mistakes lately.
    Didn't want BOA to be another ... so I held off!
    Now that too has become a mistake.

    Missed boats are cheap mistakes, I guess!
    :eek:
     
  6. springhill

    springhill Make the drill work for YOU

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    The next opportunity is always in front of your face mate, just a matter of sifting the wheat from the chaff. Or the apricot from the lemons in my industry :D

    MC still really small on this. Don't be fooled by the share price.

    BOA to move on sampling soon. Could have results out early in the new year.

    Plenty of announcements to come from surrounding stocks to keep feeding unterest in BOA
     
  7. springhill

    springhill Make the drill work for YOU

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    Progress report out from BOA. SP spike to 70c.
    The image says it all for those that believe in nearology.
     

    Attached Files:

  8. springhill

    springhill Make the drill work for YOU

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    I am out of BOA today the buy volume is starting to concern me, one more decent seller and BOA will be back in the 40s. My other worry is SIRs latest drill results not exactly setting the market alight.
    Safety first in this case.
     
  9. noirua

    noirua

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    BOA are closest, in fact adjoining, the big copper nickel strike at Nova in the Fraser Range, WA. Looks very promising indeed though like other companies, about 14 in the area, share prices have risen and a SIR 50 bagger is just not going to happen, at least for Boadicea.

    Lots of shares come out of escrow shortly that will push the present market cap to around $25m. This is a perceived negative that may hold the price back.
    Trading can be difficult with some reporting 'failed' attempts to get buy orders into market depth online.
     
  10. noirua

    noirua

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    Are Boadicea BOA a punt from heaven or not; time will tell? Monday, today, is the final day for rights to the 1c options that can be converted into shares at 20c - ordinary, with rights, last traded at 62c on Friday.

    TradingRoom - ASX Quotes & Charts
    http://www.tradingroom.com.au/apps/...detail&sy=tpl&type=delayedquote&code=BOA#tabs

    http://www.asx.com.au/asxpdf/20130207/pdf/42cwz7vzdq8cvg.pdf
     
  11. burglar

    burglar

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    Wished I'd seen this earlier!
    Just bought 5000@45c

    :eek:

    Edit: just sold 5000@47c

    Did I just have a close shave or what?
     
  12. noirua

    noirua

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    BOA are still digesting the 1:1 option issue and needs more time. Whether you have more time or not depends how long they take to drill as a nearology stock to super-Nova and how Sirius drilling goes.
    A gamble like most in The Fraser Range and this could equally be the worlds cheapest stock or one that plunges.
     
  13. noirua

    noirua

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  14. noirua

    noirua

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    13 months later and I have continued adding BOA stock at under 20c and have that feeling the company is forgotten. Closest to Nova and Bollinger, together with Winward, and few care. If they hit lucky like SIR then it is jackpot time - it's an outright punt but maybe not in the dark.
     
  15. Crows

    Crows

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    Well I am in. Drilling under way and we shall know if this is a winner or not.. Worth a punt so put some money on the nose.. Not a lot because lets face it, it's unlikely to hit first time but hey you never know!

    Good luck to those who hold.
     
  16. tech/a

    tech/a No Ordinary Duck

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    Rarely do I see a half decent trade on these boards.

    But here's one
     
  17. Wysiwyg

    Wysiwyg Everyone wants money

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    Oh c'mon tech/a. Plenty of traders speculate on a good/bad drill bit result. Usually with funds that can be afforded loss.
     
  18. Crows

    Crows

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    I figure the reward outweighs the risk. Haven't put more in than I can afford to lose. I have done my research and it took me 2 years to finally invest, only after they did their research first and proved my money was worth risking. I'll admit it's a big risk but that's what trading is all about, risk reward and this reward far outweighs the risk in my case.

    It's rare that deposits like Nova stand alone, so here's hoping they've done their homework correctly and by the end of next week we shall know what's been sitting down there for the past few million years. Who knows, maybe it's just graphite... There's money in pencils, right? ;)
     
  19. noirua

    noirua

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    A tad more confidence that has pulled the stock back up to 20c. Number one nearology stock to Nova and Bollinger is always likely to bring occasional interest. Probably a good gamble but no more than that, me thinks.
     
  20. noirua

    noirua

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    Unfortunately no one cares about Nova and Bollinger these days and Sirius Resources, once a 100 bagger, is taken over. Boadicea are the nearest nearology stock to Nova but they need to find very high grades for interest to come back again - gamble to nothing unless you know more... still, higher nickel prices are forecast by some in 2016 so just maybe there is a chance for the sector at these bombed out prices.
     
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