I really hope the sp's going to come off, but toying with the idea of splitting my BGS and doing $20k on PIO & DKO (maybe). The only thing with PIO is there are 7x more shares in issue, which makes 21c valued against BGS, which I can't quite reconcile at the moment. I was however 3 minutes short of selling 75000 BGS and rolling it all into PIO today - the TH stopped me in my tracks - not sure if that's a good or bad thing right now.
Not to share holders apparently, wonder what will happen if it is Gangfen ? ? ? Do you hold Trew or have you been burnt before ?
Funny how we all have different ideas and methods VRS, did the opposite today selling a couple of goldies to load up even more on BGS.Theory being; can the goldies double in value this year , imo no, can BGS double and then some ,hell yes. Been in PIO for a while and tempted to add to it asap.
^I don't hold any but DKO will explode when it opens, guessing it to hit 35c. I suspect that the selling in most Li stocks on Tuesday/Wednesday was to free up cash to load up into DKO. I sold some of my outliers and was thinking of doing the same but decided to add more AJM after 23% drop.
The announcement regarding their cap raise should come through shortly... Will be an interesting open. As for Cap Raising... The last raise was at 1c it then went to 3c. So those who say 'dilution to infinity' are sometimes well off the mark. They have some really good assets, and are pumping a huge part of the raisings into the ground. I would encourage anyone to jump on their website and understand the assets they control prior to jumping on this/any stock. The MD is also regarded well. Cheers, B
Hi all I just found this thread on PIO. I've been a PIO shareholder for over 2 years. Love this little Company and how its gone about building and consolidating its exploration tenements into solid projects that have real potential. PIO's recent foray into Lithium has brought them into the spotlight, but there is a lot More to PIO than just Lithium. They have Nickel, a proven mine at Blair Dome with known reserves of 6500t of Nickel, currently in sleep mode while Nickel recovers in price. Potential hot spots around the mine and dome indicate this resource could grow significantly. Fairwater is the other Nickel project, situated in the Fraser ranges not far from the Sirius Nova Nickel deposit, early indications are promising too. They have gold, Acra is turning out to be one heck of a find and situated close to kalgoorlie superpit. Newcrest mining have bought the tenements next to Acra recently, they like what PIO are doing. The MD of PIO has been quoted as saying that Acra gold could be the Company maker for PIO. And then they have lithium, 4 tenements now - 3 in WA and the main one in Ontario Canada as a JV with ILC/Gangfeng. Potential for lithium across these tenements are massive. What I like about PIO is the fact they are spread across 3 main commodities, which can be contra cyclical in nature, so we should always have one which is in favour. Currently its all about Gold and Lithium, but our Nickel mine is a sleeping giant waiting to be awoken when the time is right. I will continue to hold and watch and accumulate on any dips.
So ahhhh that was a quick run! $0.045/share closing today... getting a bit more attention now which is good. They have a presentation tomorrow in Sydney which should open a few more eyes and wallets. They published the presentation on the 9th and on page 9/28 they say their share price is $0.026/share. Well... i think that would get a chuckle when he says it's now at $0.045/share. I'm expecting a decent run of news with the work they are carrying out on their Gold/Lithium projects. Lithium still has quite a way to run... years IMO. Nothing comes even close to it on the cost-curve which is commercially available. DYOR and hold on! congrats to those holding... Thanks, BB
Did you happen to pull the trigger and roll some BGS over? BGS has performed well and should continue to do so... PIO have shot up with recent attention... the buy/sell spread is being tested to the extremes. Cheers, B
Nice... still a long way to run. So don't bother taking profits at these levels... Then you owe me a beer. Cheers, BB
Been wanting to get into this for the last few weeks unfortunately all my money is tied up in MPL, DKO and BGS too happy with these stocks to Sell out of them just yet. GLTAH
