Short Term Trading Weekly thread week starting: 20th Mar, page-258

STTCOMP BGS, FA LONG

Lithium
MC 54mil
Cash 7.5mil
EV 46.5mil

Just a short tip from me.

Birimian's maiden project is Bougouni Lithium Project which has high grade lithium at significant tonnage.

Birimian was offered a $107.5mil cash purchase of the Bougouni Lithium Project, yet the MC is only $54mil. Seriously undervalued.

In my opinion, the sole reason why the market has valued BGS at only $54mil is because of managements poor performance and the fact they have directly gone against shareholders bests interests. There has been a huge element of fear with a requisition notice and we also have stale & frustrated shareholders creating too much supply.

I'm tipping it today because tomorrow marks a critical turning point for BGS. The EGM is being held tomorrow at 11am WST, which will ultimately have the removal of the current directors and the election of Michael Langford and James Mckay.

Michael Langford has a solid track record in the commodities sector, with him at the wheel we could see BGS reaching a MC of $100mil+