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
BSM Price at posting:
7.7¢ Sentiment: None Disclosure: Not Held
