Fair enough, I concede it broke down technically in early June. However on a daily basis, it is now badly oversold and due for a bounce.
At your suggestion, I'll forget the small stuff and go the big stuff. Because the thing that originally got my goat, Bruce, was you waltzing in here dismissing all and sundry as being typical goldbugs who blamed management for the fall. That was insulting and pretentious.
How much do you know about this deal? Do you know why people on this thread are so annoyed at this takeover? This is one reason:-
However, the main reason is that a number of us BSG shareholders believe our management were crazy to accept an inadequate and untimely offer. In the five trading days after the bid was announced, BSG's share price went from $3.30 to $2.92 - an 11% loss. During the same time, AUD silver (the metric you prefer) went from about $A16.50 to $A15.90 - a 3% loss.
I could go on at length about why I believe this is a bad deal for BSG shareholders, however my main point is this: you can spout your sage predictions on the GOLD thread as much as you like (in fact, I read and think about what you say in that context), but it's bad manners to waltz into a company-specific thread, with little knowledge of the company's circumstances, and spout pithy insults at the shareholders.
BSG
bolnisi gold nl
