The generalconsensus for the non-believers is that this BBX story is too good to be true.Fair enough, so what if that is true, then we are left to consider a) it’s ascam by the company directors and the biggest shareholder(s) or b) the company directors and employees are deluded in their beliefthat gold can be extracted from the ore.
If theanswer is b) then we’re all going down on that delusion together. But whatabout the gold buttons, and if the extraction process was not showing potentialwhy would they continue to put good money after bad.
If it’s a) then the one thing that needs to be evident (ie that it’s a scam) is apayoff because without a payoff what ‘s the point of the scam. The biggest shareholders have punted another$1M at 15c a share, the consultants are working for shares and the managers anddirectors are not getting rich on their fees. So the payoff is not happening onthe way through.
Ok so theshare price needs to get ramped and the scammers, all of them, have to sell onthe market to get the payoff. Well good luck with that plan!
At the endof the day we are punting that they get the extraction process sorted. If and whenit is sorted – hang on!
BBX Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held