bgf equities says byr is a hold for results , page-43

Zachary,

I admire your enthusiasm and like the stock but IMO you should be a bit careful with your analysis.

RG has made more money than most. This stock was trading at five cents only a year ago and so whilst a $130,000 is big money, many director purchases are token. Who knows whether it would be all his money? Also, the MC is 65mill. Its huge for an exploration company so the risk is still quite large. It could go to 15MC in an instant and there would be no production to save us...

Having said that, the upside could be huge, but it is no certainty. Like BGF, I agree it is a hold..


This is my opinion only and should not be construed as professional advice. Do your own research and seek other opinions before acting on any stock..