a lot of punters bought for lithium and the results are piss poor hence selling off before FY
it was pumped when they announced the pegmatite hit - followed by dumping (same day) from brokers who did placement
after that no significant selling and a lot of punters bought expecting some results - negative hence dumping
to me - BMG has an intrinsic value with 500 k ounce gold MRE near mills.... that intrinsic value is not there for many other coys which were pumped lately
what that value is something many punters won't care to see as they are here for quick bucks (no patience for investment)
to me 500 k free milling gold ounces on a MINING LEASE should be valued much higher
look at MGV getting 177 million for less than 1 million ounce ...
Also management need to be proactive with engagement with shareholders then we should see some interest
I bought more at 1.3 cents and I know I am not for quick bucks
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