Post by
7Twiggy on May 03, 2024 12:16pm
Anyone looking a Bedford Metals?
Any of you gold bugs have thoughts on BFD?
My thoughts?
I have seen this article and a number of updated versions a number of times in the past few weeks.
Guessing it is a paid promotion. A number of things I like about the stock and a number of things I don't. Lets start with the don't likes. I don't like stocks that are promoted this way as you don't know if they are they real deal or a shell game. . The share count is unbelieveably low for a gold mining stock. 14-15 million shares out last time I looked. CEO website lists the short position moving up to 3.3 million as of April 15. Hard to believe anyone shorting with this low a share count as a swift move up could be disastrous. For the last few days everytime the ask is taken out, it is quickly replaced. A lot of anonymous sells which makes me wonder if insiders are trimming their positions. There are an awful lot of warrants out, who knows if they have been exercised. on the plus site the buying has been unreal, over 7 million traded in the last few weeks. That is half of the total share count. Even with the selling, the asks have been taken out quickly. Like the fact that both their gold and uranium properties are in excellent discovery areas.
Bottom line for me is who knows where this is going. Most likely worth taking a small postion, knowing their is always a lot of risk involved. Most likely the thing that attracts me the most is the low share count. 650,000 traded so far this morning on all exchanges. Makes me wond
Comment by
7Twiggy on May 03, 2024 1:39pm
Boy was I wrong with the short number. Was looking at CG. The short number is only 1368 or basically nothing for BFD.