BRV 0.00% 35.8¢ big river gold ltd

Disallowed, page-83

  1. 148 Posts.
    lightbulb Created with Sketch. 27
    check out BKT.. another of Copulous' holdings. fab grade graphite.. stuck under ground without funding for the last year plus. dint get funded in the best atmosphere and then later china trade war happened and covid happened. buyers and sellers saw stale mate just like this.. there were many weeks where not a single stock got traded.. SP held well inspite of what the market was doing.. and then finally holders gave up a quarter later.. SP came tumbling down from 115 to 24 cents.. same will happen here (at least gap closing at 40c) if funding ann doesnt come out within 2 to 3 weeks..
    then you will be sitting on your stocks waiting for funding to happen (when it happens) cos you wont be able to get out without buyers. its a tricky game isnt it.. ? you want to hold (what if its gets funded tomorrow).. but you might sell and catch it back at sub 40 (what if funding is delayed and SP drops.. shivers..
    PS: BKT graphite is awesome but useless underground. same with BRV..
    investors want to see gold price stabilise before investing.. depends on how long covid will hit us.. plus other variables. negotiating power of investors is higher (better deal for investor/funder) if gold price falls (contrary to what most people think). Funding a while away imo.
    wrt BRV - i've taken my profits. will buy back if it comes back around.. still holding some for positive upside.
 
watchlist Created with Sketch. Add BRV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.