Originally posted by Midnight26
Yet another incredibly insightful post from Mr Pentlandite. Who's your equally insightful fanboy giving you TUs? You didn't know that it's common for a stock to drop after a CR, esp. when there's free oppies attached.
BBX are valued well above their cash backing because they own the biggest precious metal deposit the world has ever seen, but in a world full of idiots you can still buy the shares for 17 cents. If you knew anything about what was going on you might know that most of the selling is coming from people that picked them up for <5c.
Reverting to our example of what BBX's future might hold above, Diamond Fields were living on a shoestring when they discovered Voiseys Bay. They allocated a $220K budget to spend at Voiseys Bay.
It better not be a 50 bagger. I wanna see 500 bags and much more from here.
Mate, I called the CR and a post CR drop months ago if you go back through the posts. In response at the time you suggested they would raise higher than the share price on market at the time if I remember correctly.
500 bags! $30 billion market cap? You have lost your grip on reality.
BBX are valued well above their cash backing because they are majority owned by a fund, the same fund who provides most of the cash, and at this point in time it is in their best interest not to dump any shares. Carnage would follow if they change their mind at anytime.
