This may be generalised, but BBX didn't see a mammoth retrace today. In the past couple of months, most spec small caps have been consistently retracing hard (ie. one day after a huge spike - their rallies aren't lasting long at all). This coupled with their major investor (Drake) soaking up more shares in January, for me indicates something is brewing.
Totally understand that a lot of people were burnt last year, but would they *really* release false or misleading information again in only a couple of months?
Also agree with @NewToItAll that CR will likely be funded through Drake or other private equity. Gold prices are on the rise, if they can further confirm results, the value of the tenement would make CR a breeze IMO....
With barely any cash in the bank, these guys will be working hard to justify the results and quickly get info to the market - im expecting further announcements *very* quickly, but that's just my opinion....
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This may be generalised, but BBX didn't see a mammoth retrace...
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