Yes I’m still with OGX and will stay with it until the AngloGold JV plays out and Cascavel is properly bedded down. Once the mine goes properly cash flow positive the risk is strongly diminished.
BBX on the other hand smells of risk in every corner you look.
Practically no money in the bank, a ridiculous $100 million valuation based on not 1oz of metal in a JORC resource, PMs that the company has been unable to properly identify under visible light or which are ensconsed in the rocks at such small scales that you’ll practically need to dissolve or melt the entire rock mas to liberate them. If they are visible and are metalic some sizeable portion of the metal should be able to be liberated using gravity.
Then you have an extremely tight register of shareholders that can easily prop the price of the stock up to what
ever level is advantageous. Great set up for a pump and dump, not so great for people who get caught in it..
I don’t ever invest in these pump,set ups even when I can see the potential for them happening. It’s not how I like to make money. The market should be a place for win win where wealth is created not just passed from one hand to another.Esh
BBX Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
