Evidence based speculation, page-73

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triosrimbarkos

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20/07/18

10:41

Post #: 34470687
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Originally posted by eshmun ↑

Well during the mid-70s the gold mining industry in Australia was at its lowest level in its history and there were practically no gold mines operating. The decade before, the Poseidon bubble (a mining boom triggered by a nickel discovery in Western Australia) caused Australian mining shares to soar and then crash, prompting regulatory recommendations that ultimately led to Australia's national companies and securities legislation, so before 1971 the system was totally unregulated and gullible people who knew little about mining got their britches burnt.

During the 1980s there was a gold mining boom but most companies were just exploiting simple easy to dig open pit oxide resources by open cut mining methods. The ASX as we know it today was only set up in 1987 so the need for regulation was a lot lower in those days.

You might scoff at the JORC code but it is actually there to protect investors from company promotors making outlandish claims like those made by certain posters on this thread. If anything I would like more regulation of company announcements not less as there are many companies pushing the limits of what’s acceptable IMO.

BBX has been put through the wringer by the ASX and has been allowed to relist its shares after statisfying the regulators. Invest on the basis of what the company is saying by all means and at your own risk. But remember the company presently hasn’t got any gold resources at any of its prospects.Esh

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No offence, but I think you missed my point. Everyone here respects and can appreciate the reasoning behind the JORC code but what I can’t appreciate is your statement claiming that without a JORC code, BBX and any other company have no gold resource in the ground.
IMO this is a little ignorant on your behalf to make such godly claims.
But youre certainly entitled to your opinion.

BBX Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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Evidence based speculation, page-73

Top Stories

Cyclone signs MOU with Vale for development of Iron Bear play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

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