The previous announement from BUY detailed which drills would be taking place in 2011. There are several. With 6M in the bank and no debt.
Ill admit that the lack of communication on their behalf is unsettling. It can make a person unsure of their plan a little rattled. The main query I have is the state of the Utopia drill? And possible delays due to bad weather. But, if so, why not clarify with SH? I have seen other miners do this in the past with no negative effects on SP.
In regards to Bounty's position with its management (i.e. are they useless?) one doesnt need to look far to see that many of their drills are joint venture programs. So, if one does lose faith in Bounty's management, they appear more so to be 'along for the ride' than in the drivers seat itself with its small % stakes in these programs.
I have considered selling out, however, I do feel now is not the time to sell. If this was going to be done, it should have been done before. I cant recall who made this famous quote, but I have found success employing it..buy in gloom, sell in boom.
For the above reasons, I will be topping up when this has bottomed out and begins its rally. Another great quote I keep in mind which is in a similar vein..if its a bad time to sell, its a good time to buy.
Any of my comments stated in this post are not meant as, nor should it be taken as, financial advice. These are just my opinions regarding my future actions towards this stock.
Best of luck all holders, whatever your plans may be.
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Change
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Mkt cap ! $7.492M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $115 | 23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 874005 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 3905131 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 874005 | 0.005 |
15 | 10143509 | 0.004 |
35 | 18979748 | 0.003 |
21 | 22832111 | 0.002 |
9 | 15140000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 3905131 | 9 |
0.007 | 2600334 | 5 |
0.008 | 1500000 | 2 |
0.009 | 1293820 | 5 |
0.010 | 1625000 | 4 |
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