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Bullboard - Stock Discussion Forum American Bonanza Gold Corp ABGFF

Metals & Mining Gold

GREY:ABGFF - Post Discussion

American Bonanza Gold Corp > WOW! $.105 Producer?
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Post by N2FITNESS on Mar 05, 2013 12:06pm

WOW! $.105 Producer?

I just added more at $0.105 a share. They will be in full production in a couple months and we are at a 4 year low on the HUI. I think mining shares will reverse when HUI hits 300. A bottom is getting close. I spoke with IR and they said that February was great with really high grade g/pt ore and March is going to look really good!! LOAD UP THE BOAT PEOPLE!!! The cash burn rate is what is scaring people but at 2,000 ounces per month they are cash flow positive which will be reached in March!! LOADTHE BOAT!!
Comment by kidcanuk on Mar 05, 2013 12:27pm
we loaded the boat along time ago pal and guess what ? WE'RE SINKING BRO
Comment by N2FITNESS on Mar 05, 2013 12:35pm
I hear you buddy!  I originally bought at $0.45, then $0.40, then $0.37, $0.30, $0.27, $0.25. $0.22, $0.20, $0.19, $.17, $0.15,  $0.13, $.125, $.115, $0.105.  So I have been cost averaging down since $0.45 a share and have my cost down to about $0.27 which I am confident will be very profitable when gold starts its next leg up after it bounces off of the $1530-$1550 area.  QE ...more  
Comment by BISTEN on Mar 05, 2013 2:29pm
I also loaded the boat haha, currently up to 1,150,000 shares
Comment by Leafs007 on Mar 06, 2013 2:38pm
Yeah, I added more in the 10c range...
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