SP is down since the high of 56-57c (-36%) is this justified?
8th Feb, 17th Feb and 25th Feb BSX share price was in the mid 50's on the back of Trafigura announcement in Jan and 2 announcements on Kingsnake and 1 on the Taipan zone all announced in Feb.
First announcement in March was an increase in holdings for our number 2 shareholder (Germans) by 3.5 million shares all purchased over that Feb period at a significant premium to current prices.
March has seen 1 announcement on massive sulfides Assays at Kingsnake and 3 x announcements around the DBU. One being the expansion of the DBU capacity but the PFS for both (UBU & DBU) pushed out.
Scott has maintained his consistent approach talking to shareholders via interviews, podcasts and presentations and I commend him for doing this. Its a Gen Y approach and its one of the reasons I keep increasing my position both inside and outside of super.
So my question again is this sell off justified?
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SP is down since the high of 56-57c (-36%) is this justified?...
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