Interesting as research, but essentially pointless. The...

  1. 527 Posts.
    lightbulb Created with Sketch. 101
    Interesting as research, but essentially pointless. The shares/options had been issued/ratified and the ones that could be rescinded have been taken back. What people do with their shares is their own business and luck. If I was affected, it is also my own business and due to my own luck.

    Something that has been bothering me for awhile is the whole flaming debate on which company is better. I mean, there are some good points, but it gets stupid very quickly. I remember reading about AVZ vs BGS from last year. Maybe some of us were convinced that BGS was the better choice, but the reality is, AVZ had run >10x from last year while BGS might as well be flat in comparison at 2-3x growth (or 1.8x now).

    I have put a lot of dough in BGS and I'm convinced there's still money to be made. Objectively speaking though, AVZ crowd last year made the right choice. There's still good value to be realised in the near term. So, to balance out the BGS super positive vibe here:

    - The gold deal can still fail. It's been in the works for way too long now. Even with the remaining gold potential (not entirely convinced until there's JORC), the failure to do the deal will decimate the share price.

    - It's nice that the drill results are still returning decent intersection. However, we are trading around the NPV of the PFS and I think the current valuation has been relying on the hope that our resources will triple. I sincerely hope it will be true, but realistically, once the drillings started to return NSRs, the share price will go down.

    - Lastly, Mali/war risk. I've watched gold company shares when the last coup happened. It was a surprise, just not pretty.

    I think the best thing about the company at the moment is the 12m cash reserves which means that there's no real dilution to happen anytime soon. Management also seems to do things the right way. I guess we'll know how it goes in 3 quarters when we'll need to raise money again.

    By the way, my buy in price was 49.5 the day before yesterday. So there's a good chance it will remain the ceiling in the near term . Like I said before, sorry guys!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.