BGD 0.00% 31.0¢ barton gold holdings limited

Ann: Half Yearly Report and Accounts, page-8

  1. 30,200 Posts.
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    LS a load of noise that is not calm enough IMO.

    While a CR seems likely because they must upgrade the mill finance operations etc. ASIC asks questions like any robot.

    But how did you manage to overlook:

    - the low number of SOI for an explorer/developer. I've seen them with billions of SOI the SP under 10c or even 5c and they still have their hat out. Look at the wider financial context FGS you're a misery guts today.

    - that the register has a huge % of funds, HNWIs and insiders and is stable

    - in what world does a close to 1% gram per tonne in open cut make the extensions such a worry? .9% is so close seems a bit mean spirited to make a big deal of .01% especially with volumes and other metrics of the set-up

    but also
    - the POG is increasing, seriously shifting the economics to the upside.

    I suggested some insiders might have been selling to finance mortgages.
    Possible.
    But more seriously, if they know a CR is likely it makes sense for them to sell now and get the discount that will come to finance it.

    Finally it seems like your unchanged sentiment of Buy and Held is right.

    Please at least consider holding back on the whingefests.....because Instos, funds and HNWIs are more than happy to take advantage of the short term thinking, short attentions spans and high reactivity of retail investors.

    If you think being nervous agitating and losing perspective helps them, and not you along with other retail investors...
    You'd be right.

    JIMO.
    Last edited by dolcevita: 13/03/24
 
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