I got this one wrong, plan and simple...to my own downfall.
Held faithfully for a long long time as I thought I understood the operation reasonably well (i.e: low reserves in Area 1 which would build some nice cash flow ahead of geting on to the main game of Area 2).
Naturally I am very disappointed as I held a not insubstantial number, and still do.
But you won't see me complaining. SIngle mine operations are never without risk...we are seeing some of that played out right now with BMO. I still like the BMO team from what they have done with other stocks like CBH, and I know them to be straight up and down operators, but that doesn't mean they don't have failures.
Right now BMO is looking like a real dud. They could be worth 25c, or they could be worth zilch depending on what transpires wth future drilling.
But for now kudos to you Tricha.
You were 100% right on this one, and I got it wrong.
That's life...we live to fight another day....and if BMO wasn't already in my bottom draw (have held for 2 years and subscribed to Rights Issues & SPP etc) it certainly is now! lol
Once again...kudos to you Tricha...and others.
Coop
BMO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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