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saltocan

3,790 Posts.

21/09/14

16:20

Post #: 14006502
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Originally posted by HarajukuIsland ↑

That is where you can miss the biggest gains Meercat. If you believe in the company story and think the market is wrong then you buy in at 1c and await the re-rate on solid news or just speculation. Sometimes this strategy can mean watching the stock fall a further 10-20% but this could happen on a retrace as well if you buy at 1.5 once the down trend breaks. Beaten down stocks like this can bounce 50-100% in a matter of days on the hint of forward progress.

At 1c BGS has a market cap of $9 mill with $2 mill in the bank. Although we've had few announcements of late we're about to begin drilling again any day now and me for one thinks the enterprise value of BGS is worth more than $7 mill.

Thats the thing about the market - you might think if you hold out you'll get shares at 0.8 or 0.7c. My thinking is that if I don't buy now I'll miss the bounce to 1.5 or 2c. This is where money is made and lost on the market. Only time will tell.

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Agree.
Bgs has without doubt been beaten down...bruised and hounded and currently bleeding...

Gold is tanking as if everything in the world is great....rosie...no risks...no conflicts...interest rates are climbing.......just read any news paper or just watch TV..

u will see that this is just the calm.....before the October storms come along...and hits very hard.....Bgs is drilling for more Shallow Gold in October so will get at lift from finding more Gold and the October storms..
dyor

BGS Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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