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Bullboard - Stock Discussion Forum Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and... see more

OTCQX:BGMZF - Post Discussion

Barkerville Gold Mns Ltd > profit taking?
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Post by Ticalian36 on May 17, 2017 5:09pm

profit taking?

Weird trading day today. Opened strong and hit 1.39 then not so great day after and at the close. Was it just profit taking?
Comment by zagzigga on May 17, 2017 5:30pm
From a purely technical point of view this  is my take. I follow the stock from the US and the day's high was USD 1.03. Typically, stocks which cross 1 go on to pop to 1.10-1.20, but not right away. It will take some time for consolidation/building a base before moving higher. In the best case scenario,  the price will build a base in the 90's before crawling higher and ...more  
Comment by waitingstill on May 18, 2017 12:37am
I am surprised this board is so quiet after news. I think the SP has risen quite a bit the past couple weeks probably in anticipation of a 43-101. While this was reasonably good news, it was not really "news" in that the resource estimate did not change and it pretty much just confirms what the company is already doing - proceed to prepare to mine BL, drill the snot out of Cow and Island ...more  
Comment by chillyballs on May 18, 2017 8:58am
Sage words waitingstill... unfortunately I was tied up yesterday and couldn't jump on like I like to (to the chagrin of many).... I think the news was exactly what we need to confirm the current plans... there is now no question that the up coming production will indeed generate the $15MM in operating revenues and more. This is awesome. ...and right on your cue.... new news this morning ...more  
Comment by DDoc on May 18, 2017 1:55am
Could be market jitters. Early in a general drop, gold mines fall too, regardless of value. Cordoba fell worse today . They recover very fast if the fundamentals are there and strong hands take over.
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