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624 Posts.

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14/07/16

21:43

Post #: 18273754
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Originally posted by strauss ↑

So why did you buy and exactly what were you expecting a quick buck?

Most investors these days have such a short time frame they end up missing easy big gains

I was loading up CTM PMY OVL 0.6 0.7 0.8 and now a 2-3 weeks later am able to lock in 2-3 bags in gains and apparently I'm selling to early because they are all heading higher

Banged on and on about GMR first time around at 0.2-0.3c due to cash backing and made a mint as it 3-4 bagged on new project expectations, re bought recently at 0.5c because that was cash backing and couldn't believe how many free shares the mkt was giving at that level well good luck getting those levels, if you are lucky you mignt get 0.6c

BCN with 0.5c cash backing seems like a similar no brainer question is do you have the patience to wait and see what new gold project they will acquire to see the upside from it?
Best part is unlike other specs there won't be any dilutionary raising required to fund any new project

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Hi @strauss, just wanted to clarify how you got 0.5c cash backing for BCN when in their Quarterly they only had $465k cash. Did you include what they will receive from their recent purchase agreement? Still learning and just wanted to clarify if my understanding is correct.

Thanks in advance.
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