RE:Test of $10xx One Step Closer On Road to $8xxpigbruinmcveid wrote: Now where will BGM be trading when gold prints a $8xx trade? Well below 10 cents I'd expect. Could be a buy signal when that happens.
No telling when the Chinese are going to come buy out BGM, eh :)
Chinese are going to have to get in line, as there don't seem to be much room for retail buyers these days who want to go long.
Since July 1, 2015, BGM TSX.V volume has been 1.2 million, with Fidelity, Haywood, Scotia and BMO being "long" 157k, 138K, 104K and 49K respectively.
Factor in the OTCBB trading of 511K (much of which is mirrored in TSX.V trading) and it's pretty much a flat picture.
Then there's the 100,000 shares bought by insider Tinajero on 2015-07-07 (looks like Scotia buys from canaccord, CIBC and Latimer) and then the TSX.V insider buys of Wednesday and yesterday (60.5K by Haywood).
There's also 56,000 K bought by Haywood today which might show up on the TSX.V insider transaction list.
Nope...no room for the Chinese at the Barkerville Inn. If the share price keeps a rockin', maybe BGM paper could be used to buy out the Chinese gold reserves???