BGS - Birimian

Savage little sell-off at the buzzer today. One of my limit orders tripped and got some at 0.342
ncGzCtO.png
 
VRS said:
Ann - Drilling started at Bougouni
Click to expand...

Market pretty indifferent on this ann - it's put up or shut up time for BGS now.

Go big or go away.

Why do I feel like Frank Drebben when I'm saying this?
 
Thought this would have hit .40c on the driling prog. announcement. Sell! Sell Sell!!!! ha ha ha ;)

Seriously, I don't know where I stand on the success of this new initiative.
RC is smart though, nice amount of metres, not blowing any budgets, similar along strike shallow drill like Ntiola started, [ like they all should start off *ahem* ]
Up to 200m holes as mentioned in the previous announcements, and expect congestion of hole in that wider zone sample area.

Go BGS team! woo yeah :rolleyes:
 
whereisado said:
Thought this would have hit .40c on the driling prog. announcement. Sell! Sell Sell!!!! ha ha ha ;)

Seriously, I don't know where I stand on the success of this new initiative.
RC is smart though, nice amount of metres, not blowing any budgets, similar along strike shallow drill like Ntiola started, [ like they all should start off *ahem* ]
Up to 200m holes as mentioned in the previous announcements, and expect congestion of hole in that wider zone sample area.

Go BGS team! woo yeah :rolleyes:
Click to expand...

I have a spare pony & trap Ado - ;)

Seriously (squared), the next announcement had better be a good one or we could be testing 30c, on the naughty step, and KJ wearing the pointy hat facing the corner.

OR, we get that shizzle together and march AGA, Bristow and the Malian Govt to a suitable table to ink a deal on Morilla.

Over to you KJ.
 
VRS - take a look at PSC. capital raising was well oversubscribed last week. It is comparable to BGS at 1/3 the market cap and higher grades. They have multiple gold mines they are refurbishing and bringing into production also.

Announced lithium acquisition today and the share price is up 216% for the day. Only just starting here! I think they will match and possibly exceed BGS market cap in next couple months.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01740179
 
Stackman said:
Trading halt until Wednesday 22 June 2016 pending announcement of a capital raising. :cool:
Click to expand...
I thought capital raising was bad. That it dilutes shares that are currently held. Am I wrong?

Yes, I own BGS. I hope it is good news!

Shiny.
 
ShinyStuff said:
I thought capital raising was bad. That it dilutes shares that are currently held. Am I wrong?
Click to expand...

Depends what the money is for. If the company is just burning through cash without producing anything (eg. a junior explorer continuing to drill holes without finding anything worthwhile), then its bad.

If the cash is used to add value to the company (eg. purchase the neighbour's gold processing plant or construct a lithium plant) then it can be good.

For Birimian I am assuming (and hoping for) the latter. :P
 
ShinyStuff said:
Stackman said:
Trading halt until Wednesday 22 June 2016 pending announcement of a capital raising. :cool:
Click to expand...
I thought capital raising was bad. That it dilutes shares that are currently held. Am I wrong?

Yes, I own BGS. I hope it is good news!

Shiny.
Click to expand...

Nope - trust me - for the timebeing they'll need a bit of extra cash to pull everything together - we're talking 20M shares only, nothing like the last CR - and at (I think 24c) - more money for the warchest.

From this situation I expect either or both of:

a. Agreement on processing at Morila - this could be a toll agreement, jv, buy-in or earn out.
b. MoU on Bougouni/Goulamina Li subject to drilling results currently underway

Then again, I haven't got crystal balls - so this is only speculation.

You can't take Bristow out to dinner without picking up half the cheque...
 
Dammit where's my offer document ?!? Or maybe I'm not considered professional or sophisticated enough ? :P
 
Stackman said:
Dammit where's my offer document ?!? Or maybe I'm not considered professional or sophisticated enough ? :P
Click to expand...

You only need:
a gross income of $250,000 or more per annum in each of the previous two years or
net assets of at least $2.5 million (reg 6D.2.03 and reg 7.1.28).
Click to expand...
In order to get a note from your accountant saying you are well off enough to lose your money.
 
Price dropping and buyer orders are almost non existant
Im confused by the lack of buyers
 
Brexit! Everyone's unsure with what's going on atm! Theres been little volume for weeks. People could be selling to buy other gold opportunities. But check the volume its very small so I'm not too fussed. Plus the price has pulled back alot
 
justin536 said:
Brexit! Everyone's unsure with what's going on atm! Theres been little volume for weeks. People could be selling to buy other gold opportunities. But check the volume its very small so I'm not too fussed. Plus the price has pulled back alot
Click to expand...

I was going to buy more at 23c but saw lack of any buyers and was an idiot for not oulling the trigger

Got spooked thinking that i might be left jolding a bigger back with no one to offload to. I should have reliased that it was just a knee jerk reaction

Atleast it allowed me to buy other stocks at ok prices
 
You must log in or register to reply here.
Back
Top