Ann: Additional High Grade Drill Results at Goulamina Deposit, page-110

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jonatb

594 Posts.

180

10/03/17

15:46

Post #: 23256722
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Originally posted by Maigret1 ↑

I like the scenario BoD+buddies know that they have lost and started to eliminate its holdings.

The price development with a little decline every day looks like a fund purging mercyless its stake.

However Sprott ?

I was always shy with the theory they are buying more to support old BoD.

KJ and WW promised these gold-freaks a multi million oz JORC ressource.
They delivered approx 400k in a "new-Birimian-special-standard-category".

With the selling of the main stake of their holdings, Sprott showed how satisfied they are with management performance. Would be strange if they mess up their funds-strategy to support a management who failed to deliver.

I know last distributed T20 showed some shares more in their holding compared to the some weeks ago converted options.
Could it be that they had a minor position from former days flying under T20 radar before they converted their last options ?
That would mean they didn't buy the difference to the last converted options currently at market ?

I've had to be honest the hope, that McKay/Walcot Kapital and/or ML and his Chinese buddies would appear on the buy side before EGM ? That would have been a good "Yes we believe into the change"-sign from our hopefully new directors.

I'm a bit disappointed that buyers (and in consequence the yes voter camp) get obviously no support from this side.

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Maigret1,

I think post EGM you will get your wish of heavy buying. As news hits of ML and JM kicking goals the buying will get even heavier. Sharp re-rate north!

BGS Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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Ann: Additional High Grade Drill Results at Goulamina Deposit, page-110

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Shekel Brainweigh and Calmer Co lead innovations in the retail space

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

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