BBX 0.00% 24.0¢ bbx minerals limited

Personally, I sell a stock when the downside risks are palpable...

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  1. 4,791 Posts.
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    Personally, I sell a stock when the downside risks are palpable and the chances of the stock bagging again are fading, or a better opportunity can't be ignored.

    I can't see myself ever selling out completely because it's a SHG gold stock which limits the downside, there will always be exploration upside, continuous reserve upgrades and production ramp ups and massive dividends once we're mining in earnest. I reckon I'll struggle to find a better opportunity for a couple of years at least.

    Initially production will be haulage\mill-constrained, but the profits will de-bottleneck production so as the bottlenecks are removed production will step up and costs per ounce will become almost negligible which means profits and dividends will constantly increase.
 
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Currently unlisted public company.

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