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I would not say this is not good strategy.What I would expect...

  1. chinkiat
    1,050 Posts.
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    21/10/10
    07:47
    Post #: 7360526
    I would not say this is not good strategy.

    What I would expect that somewhere in the not too distant future BSM will come out and announce they have some sort of new debt facility which they will use to progress things.

    Hedging some of their silver production was probably a requirement to get a hold of more funding.

    Let's see.
    BSM Price at posting: 25.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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