GREY:BFDRF - Post by User
Comment by
investornoton Mar 31, 2017 3:58pm
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Post# 26060390
RE:Tech Charts
RE:Tech ChartsThis is certainly an entertaining stock these days J103!
Not sure I buy into everything quite yet. Not cynical, but show me the reason and I will then understand it. I don't let impulse dictate my purchases or sales (much as I can at least).
Good volumes and a decent rise this week. To me that indicates news is forthcoming. That right now seems to be deemed good news for BFD and supported by the fact that OSK has taken up a significant position. I had wondered why we did not start this rise before now after that became known. If anything IMO we are lagging behind a little.
I think it is entirely possible that the results from the assays sent to the lab will be released prior to the AGM since the AGM is now pretty much a formality. If good news then the AGM gives management the forum to beat their chests and tell us how good things are going and what comes next. That is on the positive side.
On the eh! side - lackluster results will be announced after the AGM and we drop some and wait for the next samples to generate interest beyond proximity. I realize location will drive the price alone as more results come in from adjoining claims. A buyout is also always a consideration (or a worry).
As far as predictions go... For a laugh I will throw my wishfull guess in that the results will be announced prior to the 11th. That they will show promise and that will drive the stock upwards into the $0.50 to $0.60 range. For what it is worth considering my crystal ball broke years ago!
Looking forward to see how this story unfolds further next week.