balatindi, page-23

Another point I forgot to make was people saying BYR is lower because of the trouble in Africa, in particular the Ivory Coast. This argument is flawed.

1) PRU's main project is in Ivory Coast, and it's trading nicely at $3.23, so no worries there.

2) Ivory Coast issues are temporary.

The only reason I can see BYR been down so low is because:

1) People genuinely believe the results will be bad.

2) The stock is getting manipulated lower by brokers in order to accumulate at a lower price.

I believe it's lower because it's getting manipulated:

1) If the results are bad, then the chairman has done his $100K investment and his reputation is damaged forever as he has come out saying they've the goodies.

2) Historically, the corrections on this stock have been severe, but the rises have been just as astronomical if not bigger. My understanding is we're at the bottom of the range, so that's why I bought today.

There's some conflicting info as to when we're expecting news. Based on what I've read here, it could be tomorrow morning and at the latest the week after Easter. At these levels, I'm over the moon to take the risk/reward play.