BBX 0.00% 24.0¢ bbx minerals limited

Ann: Extension of Voluntary Suspension, page-87

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  1. 11,185 Posts.
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    Yes it does seem to be going full circle. You've got to remember however that Drake made an on market offer for the company at 4.5cents per share in September last year and has recently tipped more money into the company through exercising some options to help keep the show on the road. Given the lack of real market interest and lack of liquidity there are no bigger shareholders stuck with shares in the story than Drake. The only way for them to make money from their investment is for the market to burst into life with liquidity into which they might be able to sell their shares to bigger more aggressive players (seems unlikely but not impossible at the spec end of the market), BBX gets taken over (seems unlikely at this point in time), or they will need to see the story through on the ground. The story plays with my head. Have Drake fallen for a story based on wishful thinking. Time will tell. I'm personally holding half my original stock based on wishful thinking, for the moment. So far I'm up nicely which is something I never expected. The shares just went in the bottom draw like all my failed investments. I don't use stop losses. My stop loss is to not overly invest in risky stocks in the first place and only invest more money into these stocks when clear value can be seen to be created, along with incremental de-risking of a story. Esh
 
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Currently unlisted public company.

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