pumped (0.5-3.5), dumped (3.5-2.2), what next?, page-19

  1. 2,453 Posts.
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    Russian,

    I see you don't hold stock. And your sentiment is sell.

    What's your motive for posting on BGS?

    Why is this a 'sell' ? At a market cap of < $15m, this is the most undervalued gold play in West Africa.

    Have you read the recent announcement showing multiple widths intersected with solid grades?

    Have you bothered to compare these grades and widths to other gold explorers in the region? Note; I said in the REGION for a reason - so that any conflicts in the country (that may or may not bare on investors' minds and may or may not be directly relevant) can be eliminated from the value proposition. At a market cap of $<15m, we are far below 'fair value'

    Have you read the announcement regarding Rand Gold and their willingness to support BGS in proving up this discovery and making further discoveries with the view of adding to their fast-depleting reserves?

    Did you know that any reserves that BGS defines will take a fast-tracked path to mining as a processing plant is available next door?

    Have you bothered to PROPERLY look at BGS from a technical view point? i.e the chart?

    Did you notice that over a billion shares traded on the upswing and only small volume accompanied the downswing?

    Did you know that you incorrectly referenced this as a 'dump'?
    'Pump' and 'dumps' tend to experience equal volumes on the pump, as they do the 'dump'. But in the case of BGS, we see massive volume on the 'pump' but on the way down we see a small fraction of that volume trade - hence, it's not a 'dump' but a 'pull back'. This is healthy. It's a part of any healthy uptrend.

    It's very easy to just go about life looking at the past, or looking forward to the future. But very few people actually stop and just focus on the present moment. Presently, at the moment, we have a story that's worth over $50m, trading for a fraction of that amount. And there's plenty more upside to be had if we hit gold at depth like our sister next door. In a few weeks time when this is trading at 10c, you're just going to end up looking back, wishing you made the most of this moment.

    It's never too late to change your mind or admit your wrong. Just look at HC management's decision to go back to original!

    Good luck to you.

 
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