Batero Gold Corp V.BAT

Alternate Symbol(s): BELDF

Metals & Mining Gold

Batero Gold Corp. is a Canada-based precious and base metals advanced exploration company. The Company is engaged in the exploration and development of mineral property interests in Colombia. The Company is in the process of exploring and evaluating its exploration and evaluation assets. It focuses on developing the La Cumbre Gold Project in Risaralda, Colombia. La Cumbre is located within the Company's 100% owned Batero-Quinchia Gold Project. The Batero-Quinchia Gold Project encompasses multiple porphyry gold target centers. The Batero-Quinchia Project is located within the Municipality of Quinchia, Department of Risaralda, Republic of Colombia, approximately 55 kilometers (km) to the north of the regional capital, Pereira. The property consists of approximately 1,407 hectares (ha) tenement. Its new exploration drilling discovery at Matecana, located approximately 800 meters southeast of La Cumbre porphyry.

TSXV:BAT - Post by User

Batero Gold Corp

Bullboard Posts

Post by GoldDemon88on May 17, 2011 2:33pm

538 Views

Post# 18589100

RSI at lowest point since IPO

At a share price of $3.20, the RSI is 29.46 (oversold territory) -- the lowest point since BAT's IPO. The 200-day SMA is a share price of $2.89. I don't think the knife can fall much further, especially with a fresh batch of results due to be released any day from now. Looks like a great buying opportunity to me.

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