BOA

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2.4¢ boadicea resources limited

damn I going to sell my shares now this to risky for me and get...

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mick z

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19/03/15

21:40

Post #: 14946418
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Originally posted by Bandalup2 ↑

Jeez, a lot of sensitive people on here. If you don´t like hearing "negative" criticism on your investment, then I really question whether you should be investing at all.

Investing in junior exploration is bloody risky, it can be all or nothing, much like most Casino games.

I have been involved and invested in the industry for a long time and one crucial lesson when managing a junior explorer is to always have a plan for future capital raisings.

You need to ask, if BOA drill their (good) target and come up with nothing, what next? They have done EM over most of their prospective ground. They would of just possibly killed their best target. Their projects near Leonora and Paraburdoo etc have no decent targets and no investor or broker is investing in projects like those in areas like that. Its likely they will still have some cash in the bank ($1m to $1.5m), so it won´t be all doom.

Expect BOA to announce some acquisition or other project before drilling is my educated guess, much like RTR did before they drilled Big Red.

If not, BOA becomes a bit of a casino gamble.

Again, I repeat, I like BOAs main prospect and yes, its had geochem done (and anomalism over it) - however its a very deep target so surface geochem may be completely unrelated.

I am not ramping WIN, each to their own. Merely pointing out that, as some compared BOA as being undervalued as compared to WIN, that WIN have a lot more "chances" if their recently announced conductor turns out to be a dud. Over 30 times the groundholding in the Albany-Fraser Orogen, almost all put in by Creasy.

BOA and WIN certainly have (currently) the best prospects for another Nova discovery (outside of Sirius). Just be wary of the downside also.

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damn I going to sell my shares now this to risky for me and get a seat at the black jack table. lol

Your treating us like little kids, we all know the risks here, try Face Time my grand daughters on that. geeez

BOA Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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damn I going to sell my shares now this to risky for me and get...

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