I did mention this stock earlier on in the year on the Gold thread I’m sure Ophir got on board and Timber the Spanish Gold bear had a look although he never confirmed if he purchased or not. If he didn’t he can kick himself at his own leisure!
Of course as always you should do your own research; however, I feel this stock has much further to travel. Take a close look at the grades in the last announcement. I believe we are waiting for a site visit from the Brazilian environmental authorities and a licence to start a drilling program hopefully no later than July August.
I had a good run last year with RSG and keep looking at jumping back in there but I’m not sure about all this talk and price action being caused by the Van Eck rebalancing business. I’m unsure if this stock will respond if the Gold price takes any kind of hit as a result of these funds rebalancing but it may present you with an opening opportunity to join us.
I always tell people this is the risky end of the business and it’s not a sector for the faint of heart; however, I can honestly say in my investing career I only ever recall making any serious money by taking such risks. As you know when they are good they can be very rewarding getting it wrong can be painful.
Please feel free to drop by any time it’s always good to share our thoughts and ideas without having to put up with the halfwits and trolls that seem to infest the Gold thread.
By the way gentlemen I won’t be around for a day or two I have a hemorrhoidectomy planned for tomorrow afternoon so wish me luck; very similar to Gold thread trolls generally a pain in the you know where!
Cheers and very best regards: Andy
BBX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held