FFX 0.00% 20.0¢ firefinch limited

bgs nostockhelditis , page-11

  1. 3,448 Posts.
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    I dont see why everyone is so surprised with the current movement.
    Bgs had an mc of just over $10m when it was trading at 1.8c.
    MC as of today still only $16m.

    Thats $16m mc for a company that;

    - Has some of the hotest ground in africa
    - Kevin Joyce at the helm, with his experience and knowledge
    - $3m still in the kitty
    - Most of the ground surrounding the under utilized morila plant.
    - A mou in place for processing of ore with Randgold.
    - Some excellent strikes over a 4km area, and about to start phase 3 of drilling (zeroing in on the sweet spot)
    - comencing studies to move into mining phase.
    - In the ozy sprott stable alongside companies with massive mc's compared with BGs.

    This has been held down for ages while someone was accumulating, maybe they are simply ready to take BGS to a more appropriate MC for the large potential of the business and short cut to production.

    Wouldnt surprise me to see a steady controlled climb from here leading up to the next results.
 
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