BOA

9.09%

2.4¢ boadicea resources limited

I am quite certain that management will inform the market when...

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allgood1

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29/04/15

11:57

Post #: 15179545
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Originally posted by ozblue ↑

We can't get much closer to the end of April to start drilling, so without an announcement it looks like it might be a little late. Knowing how this company doesn't waste money, probably waiting for drill to be near and cheaper than standard rate.
Shakinthat, you are correct that there are very few opportunities like this. Low number of shares, tightly held, a large possible find. Unlike other companies that have 500-600m shares, the 45m we have is what makes this unique.
A find like SIR's should send the SP past $20 over time, the MC is still only $900m at that price. What would a LARGER find in the first couple of holes do? The answer really is anything. So yes, this is the stock where you can dream.
Of course there is downside. A total miss will mean the SP back to 10c or less, so it's all risk/reward. A possible $20 gain for a possible loss of 10-20c on something that is a 10/1 shot, no brainer for me. (I bought in at 19c).
One can also play games by buying more, waiting for the rise, then sell some while in drilling to reduce risk, assuming the price rises during that time.

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I am quite certain that management will inform the market when drilling has or is about to commence so for now, we will have to wait and see. Problems do happen as we have seen with WIN's latest hole.

BOA Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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Last 2.4¢		Change 0.002(9.09%)		Mkt cap ! $2.960M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.4¢	$2.208K	91.99K

Buyers (Bids)

No.	Vol.	Price($)
1	239000	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	228593	1

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No.	Vol.	Price($)
4	579798	0.017
1	62437	0.016
1	66665	0.015
1	76920	0.013
2	390000	0.011

Price($)	Vol.	No.
0.019	20202	1
0.024	41666	1
0.025	586842	1
0.026	200000	1
0.029	200000	1

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