Playing the juniors It seems that we have a lot of people that don't like this company. I have played the juniors for over 20 years and have lost money on a lot of them and made money on a lot of them. If you play in this market you need to know that you can loose ALL of your money on them. If you loose be a big boy and move on.
Now if things go wrong and that can happen you sell and take the tax lose or you hold and hope that things can be turned around. BUT you don't cry no one made you buy and no one made you hold. If you stay around after you sold and cry on the bull boards you are a troll and need to get a hobby.
Debt can go at 10 to 20 cents on the dollar. Drilling can be done vertically so if you can't get on a piece of land you can go from next door if you know where you want to be. So the asset is still safe and they do know what they have and how to get it.
Now as for Mat Lewis ( Jim Rockford ) he goes to companies and asks for shares to pump them on the boards as he is doing on his BXR. They are not drilling now and need put some money in the till to do so. I know the driller and so dose the corporate development guy for BRX. We have shares because of the driller he is very good and has been in BC. for a long time. We have had a lot of beer with him.
So at the price of the shares today I can't see how I can loose much as the news comes out I will buy more. Always remember that things can and do change. As I told you befor I have made a lot of money with with the corporate development guy and I think I will again.
Good Luck to all