bsm vs ayn, page-13

Regarding the hedge, unfortunate but a necessary evil. Another alternative is to buy put options like AYN did which put a rocket under their price initially in Feb. They locked in a price of around $27 per ounce for roughly the same quantity as BSM but are not obliged to sell at that price if the market price is higher. Silver price was about $32/oz when this was put in place. Just provides a floor price. Cost was $1.5M. May well be an option for BSM down the track as it reassures the fickle market which hates uncertainty.

I hold AYN and am sitting on a net ten bagger after a few trades but have been keenly following BSM for a few weeks trying to work out what the issue is given it is a PRODUCING mine. I plan to buy in soon.

Good luck all.