In the end I'm looking to invest in gold assets, that's why I joined the ASX.
Birimian had played its gold cards 2 days ago and the result to nothing.
Literally nothing.
I converted all my gold holdings to BGS in June because I thought gold was over cooked for the year and that bgs was already mostly depressed so I wouldn't see price contractions.
Maybe if I was lucky the gold deal would come through and we would go supernova.
We've seen epic Li assays, a record initial Li jorc and now the gold deal and I'm barely over break even.
The 2 times I've expected us to perform in the price were on the commencement of drill results and the gold deal... Clearly we are stagnant.
Clearly the market is 2 and Andy is 0.
My next target would be for a share price bump when an upgraded exploration target comes in... *sigh*
I'm beginning to consider divesting 75% and going back to other gold stocks...
Over the 2009-2012 period gold loved to correct/bottom around mid/late December. We saw this again in 2015 and I think we may see it again this year also.
So with a upgraded resource/new drill program to be announced shortly, we will see if I can make the score 1-2.
If not, I might divest in mid/late Dec back to gold stocks.
Because let's face it, we are clearly not a gold stock anymore.
This reminds me of someone on here saying that multi commodity miners are only ever recognised for 1 commodity...
I didn't agree at the time, but I believe this now.
BGS Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held