BBX 0.00% 24.0¢ bbx minerals limited

Ann: Exploration Update, page-35

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  1. 1,378 Posts.
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    Yeah - I sort of still have an open mind on BBX, the way I see it is that the upcoming surface sampling (and especially the drilling if done and reported with traditional assay techniques) will throw out one of three possibilities:

    1. Confirmation of ridiculously high grade precious metals in which case the BBX share price goes vertically upwards (if allowed to trade) - too late to board the train for me...

    2. Some sort of weird difficult to understand or unusual assay results that raises more questions and the BBX share price either stays in suspension or gets sold off if people can't understand it. Could be a buying opportunity for the smart investors who can convince themselves that there actually is high grade there.

    3. Dissapointing or low/no grade results in which case you would expect the BBX share price to crash as everyone rushes for the exits (if trading in BBX is permitted by the ASX)

    One thing for sure is that its been in suspension for a long time so will be interesting to see what happens in the future...
 
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