BBX (ASX) Ann: Investor Presentation

Originally posted by AndyIgo ↑

Hi TagH and all,

They would realize there are many (private) millionaires backing this stock

Probably a lot more than people know. Apart from the official Drake holding I believe some of their staff also have personal holdings.

I think this is the main reason for the different approach here. As people know the Gold is there why bother with feasibility studies to satisfy some banker when the money can be applied to something like a trial mining plant and immediate production.

On a conference call the other day several matters were discussed and whilst some posters in here have suggested by negative innuendo that a CR is imminent I can assure you that with this company future financing will not be a problem. In the event of any future CR if it ever happens I’m sure it will be at a price significantly North of the recent price. Of course, just my personal opinion.

For a company like Drake to obtain 50% of a Gold company with this amount of potential for the price they paid is nothing short of brilliant on their part again in my opinion.

I’m more than happy to wait this one out until we see the results from the trial mining and the upscaling of the current extraction method.

You have obviously looked at this stock and assessed the risk reward ratio against your personal tolerance for risk and decided to jump in. Hopefully if this goes the way I expect this particular investment will assist you in increasing your personal wealth and I wish you and others the very best of luck in that endeavour.

I was surprised to see the DOW bounce back overnight I was expecting another down day’s trading, I guess in this game one never knows what the future holds.

Cheers and very best regards: Andy

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Hi Andy -

volatility has certainly picked up and it certainly seems as though with algorithms (AIs) running the show these days that ‘flash crashes’ are on the cards as per Monday and today’s actions. It seems as though something is fundamentally broken in the background causing liquidation ... in the last 30 days interbank loans have taken a nose dive (meaning mistrust between the banks is now at a level not seen since 2008) ... just my opinion

so market up days like Tues-Thurs were probably “buys into selling distribution” ... I don’t think it was any coincidence that volatility picked up last Fri at the exact timing of the FISA memo release and Trump’s Fed Chairman appointment (who is probably saying “holy xxxx”at this moment) ...

we also have 10y yields breaking out of long term downtrends that is probably the most critical factor in a debt addicted market

anyway, couple of hurdles to get thru with this stock ... namely environmental licenses which are hopefully a formality for drilling areas and trial mining licence application ...

this stock jumps on news .... I don’t want to be chasing it after the drilling results are released

(imagine if this deposit is one of the most endowed in the world on top of a potentially rising POG?) ...

TagH

Hi Andy - volatility has certainly picked up and it certainly...