BBX MINERALS LIMITED (ASX:BBX) - Ann: Quarterly Activities and Cashflow Reports - September 2018, 36503320, page-90 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by AndyIgo: ↑

Hi once again Forged and all,

I still hold that view, it is an old reference to a wager with another long time Gold bear Skol. BBX back then (2016) was 4 cents and CBA $84.92 so for the moment I have certainly got the direction part correct.

Of course, you don’t need my or any other permission to make posts on these threads I just wonder why you don’t ever back up your negative claims with facts.

Do you really expect BBX to go imminently into voluntary administration because it can’t raise a few dollars from its long-standing shareholders? I don’t think you do believe that, I think for mischievous reasons of your own you wish others to think so.

I wonder if you will look even more foolish when in the face of your negative inuendo the share price advances during the trial mining phase once the licence is granted. No doubt you have observed the share price move from (2016) 2-4 cents to (2018) 16-17 cents today please note some of the conditions during this time as follows:

No mining of any scale.

A five-month ASX suspension.

Several CR’s (successful and at steadily higher prices.)

Extremely illiquid stock, small market float.

Claims the Gold here is a produce of alchemy in the Australian by the “allegedly” renowned mining analyst Warwick Griggor.

Constant questioning by the negative inuendo crowd.

Delays with exploration permits.

Delayed drilling / sample results.

Delayed permits due to archaeological requirements

Poorly understood geology.

Changes to land use by the Brazilian government. (National Park)

Weather conditions that prevail in the Amazon area.

Working in remote areas.

Given those conditions I personally see a better than 4:1 advancement factor being relatively healthy. Just think what a successful trial mining plant, a JORC resource definition or more confirmed geologically proved high Gold grades might do.

Of course, I don’t know if and when any of these things may happen, I just find a more compelling argument is made for me to continue holding onto these shares and I’m unlikely to be swayed by you and the negative inuendo crowd.

As always, I strongly suggest that any potential investors here do their own research and due diligence and some introspection regarding their personal tolerance for risk. If you have any doubts, then I suggest you stay clear of this stock and the speculative end of the market in general.

I happen to think in this case the risk reward ratio lies well within my personal limits and I don’t ever recall making any real money in this life without taking some risks but that’s just me and what would I know!

Cheers and very best regards: Andy

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Good to have you back Andy

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Good to have you back Andy

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