FFX 0.00% 20.0¢ firefinch limited

BGS Chart !, page-1387

  1. 177 Posts.
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    This discussion about exercising options is, in the grand view of things, pretty meaningless. Sure, it may have significance if the company was producing poor drilling results that may bring into the question the feasibility of the project.

    BUT THIS IS NOT THE CASE WITH BGS.

    With any exploration company there is always options granted to someone, be that the brokers or initial investors or executive staff. It goes with the territory. Without up-front backers an exploration company can't even start functioning- so no surprises there.

    The exercising of options may create a temporary blimp in terms of the share price...but I'll share a secret with you...THE EXERCISING OF OPTIONS HAS MINIMAL IMPACT ON THE PRICE OF A COMPANY THAT IS IN THE PROCESS OF 'TAKING OFF'.

    Birimian is in this 'take off' phase, with a highly successful resource extension and definition drilling program conducted at Goulamina during the six months to 31 March 2018 which has significantly exceeded the BGS’s expectations, with higher grade intersections of up to 2.41% lithium in most recent drilling, with the drilling program showing that the resource can be won from one (very economic) 'super pit'.

    All of this exploration success will have major positive implications for the upcoming mineral resources update and revised preliminary feasibility study.

    So less moaning and groaning about the exercising of options & more attention to the announcements & fabulous results that are being issued by BGS. These are the things that will bring value to our share holdings, NOT whether or not someone is going to exercise an option.

    So let's keep things in perspective and focus on the things that will make us all better off as investors.
 
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