Trial open cut mining planned: ~100Koz pa Au at a conservative 1oz/t Au, page-111

Hi Eshmun and all,

Nothing wrong with a little caution, I’m sure we are all aware of the inherent risk in Gold and other precious metals exploration. However, what I don’t understand is if you are so negative on this Brazilian prospect why do you continue to hold shares. If you are sitting on decent profits ahead of what you feel is going to be a failed drilling program why not take them and run. Put the money into something you do believe in such as RSG and sleep easy.

I have some money on hand at present and was thinking of topping up on my shareholding as we approach this next drilling program.

There was a time when I was very positive in another small exploration company and I had a sizeable shareholding; however, later I became extremely negative mainly because of the management style of the directors therefore I sold out.

I really just don’t understand why if you have no confidence in the current management or the geology of the area about to be drilled why would you continue to hold shares.

The local recently outed (perma-negative on all things Gold) charlatan obviously feels BBX is a dud and any current shareholders are obvious halfwits so I can understand why he would never hold this stock; at least that makes sense.

I have read other posts from you before and you appear to be the kind of investor that does his research before entering a stock; however, given your pessimism here I really can’t understand why you would continue to hold this stock.

I’m not a big fan on betting on horses, however, why would one bet on one that had absolutely no chance of winning at all? Perhaps you are holding this share on the off chance of some dumb luck! It can happen apparently:

“Single mum's wins £250,000 after laying £4 bet on 'nicely named' horses at glorious Goodwood”

http://www.mirror.co.uk/news/single-mums-wins-250000-after-10919694


Cheers and very best regards: Andy