time to buy?, page-33

Selskar,

I do not care much for free broker research. The aim of this is not to help small investors make money and we all know that in today's world nothing of value comes free.

All institutions have come out with conservative price targets and subtle comments as to downside risks (Equity issue, high strip ratio, low by product credits etc). Not a word really about the positives - a) possible resource upgrades, b) high probability of discovery of similar Besoto style deposits in the Kalahari Copper Belt and c) Power grid arrangements that will reduce production costs longer term. Looks to me they are trying to focus PI's attention on the risks, keep the price flat so that can get in big time once Besoto fully derisked from the fund raising. Their aim is to profit big time from the next surge that will come from ever higher copper prices and expansion of resource/establishment of a Besoto 2 type resource or even some strategic cooperation with next door Hana Mining as regards higher processing capacities or funding for infrastructure development to bring down costs.

I will not be selling out any time soon.

BR
Max