birimian belt next gold rush, page-5

Aptayl,

I agree with your thoughts.

My interest in BGS followed on from my investments in both AZS and RXL.

Surprisingly all three have almost exactly the same amount of shares on issue, around the 580 million mark.

All three companies came from around the 1.5c mark before drilling announcement.

The market cap of RXL and AZS are currently both around the 40 million dollar mark.

With a hint of anything from the BGS drilling results this should easily be able to acieve a market cap of around 20 million.

That represents about 3.3c per share.

Because they are in a prosepective area I am thinking they must have a reasonable chance of coming up with something of interest.

If they do 3c should be easily achieved.

As we saw, both AZS and RXL achieved market caps of around 60 million plus before retracing back to the current 40 million market cap.

I rang the company yesterday and was told Kevin Joyce was overseas and expected back early next week.

Hopefully he is bringing back some good news. Previous announcements suggests to me he will be bringing back news.

I am also hoping that the 20 million dumped this morning at 1.6c proves to be a major error in judgement.

One thing we do know, is that particular individual won't be dumping that same stock at 3c.