Yep Nevcop. I too was a former holder of BSM. Luckily I sold out at the higher end from a start of a downtrend on the charts. BSM have been promising a return from gold tailings for a long while now (3+ years). When will they ever produce gold from the tailings?
Also there was not much disclosure going on about their dire financial state before going into a trading halt.
How many future cap raisings are expected in 2012 anyway? Surely current shareholders are sick of share placements by now?!?
Am a now a bit sceptical about BSM until they can show consistent positive cash flow.
A stock that looks clearly undervalued from its Oct report, though light on the detail with production numbers. Stock gets hammered by 8% today. Am I missing something here or does BSM have an issue with market disclosure?
Is there a good time to re-enter for a BSM sceptic such as I?
BTW - I would love to see BSM hit those production and cost estimates stated in their recent Hellyer gold project report
unbelievable, page-33
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Last
4.5¢ |
Change
-0.005(10.0%) |
Mkt cap ! $8.156M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.8¢ | 4.4¢ | $16.39K | 363.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 200000 | 1 |
View Market Depth
| Last trade - 15.44pm 28/06/2024 (20 minute delay) ? |
| GW1 (ASX) Chart |