Post by
fishcarrier on Sep 02, 2020 7:14am
Momentum
Stock prices can be so insane. BTO started the day off priced at 8.75 and fell to 8.49. That was a 3.0822% drop. The price of gold? It started at 1979 and finished at 1979.
So, if gold price stays the same today, do you think BTO will pull up the 26 cents it lost yesterday? Or maybe for the same reason as yesterday, it would recover the 26 cents and gain another 26 cents to close at 9.01?
Some days life doesn't make sense. But hey today could be a wholesale reversal. The good part is that every day's closing price of gold will help Q3 results!
Comment by
brewster123 on Sep 02, 2020 7:55am
Mali is weighing on the SP. if the border stays closed and unrest continues, Fekola could be impacted. That's the risk being priced in at the moment. Otherwise this should be at $10.
Comment by
fishcarrier on Sep 02, 2020 9:29am
The government announced the resumption of commercial air travel effective July 25, 2020 and the reopening of land borders to passenger traffic on July 31, 2020. The Government of Mali has implemented enhanced screening and quarantine measures to reduce the spread of COVID-19.
Comment by
favill on Sep 02, 2020 9:54am
The only problem here is that those dates are BEFORE the coup. For all we know, civilian air carriers are staying away from Mali because "coup".
Comment by
brewster123 on Sep 02, 2020 11:46am
https://www.garda.com/crisis24/news-alerts/370486/mali-air-and-land-borders-closed-and-national-curfew-imposed-august-19-update-3 Borders are closed....
Comment by
fishcarrier on Sep 02, 2020 4:55pm
Mali Junta Orders Border Re-Opened After Coup By Reuters, Wire Service Content Aug. 20, 2020, at 5:09 p.m.
Comment by
brewster123 on Sep 02, 2020 5:02pm
https://www.miningweekly.com/article/b2gold-says-mali-border-shutdown-to-be-short-lived-after-coup-2020-08-21 The military junta that overthrew the president ordered the country's borders re-opened on Thursday. But the 15-nation Economic Community of West African States (Ecowas) instructed its members to keep their borders with Mali closed in response to Tuesday's coup
Comment by
severeanalysts on Sep 03, 2020 1:46am
just buy TOC EVERYONE FOR A 3X DO YOUR DD PLACER DOME DRILLED SOME YEARS AGO WHEN THEY OWNED MULATOS 20 YEARS AGO 15 m of 55 g/ t Au or 3500 plus Ag equiv NO BRAINER WE ARE VERY GOOD BUDDIES WITH THE CEO btw good luck to all enjoy the bull mkt, we have all waited too too long Party forward