RE: RE: RE: not bashingIt and most everything else are going down in these uncertain times.
It seems BNT's management has a propensity for the deal, IMO. I'm counting on that, the fact that I don't think anyone can force them into bankruptcy and that there is going to be a return to the bull soon.
Of course BNT has to survive a bit longer if it is to succeed. Then it must work towards production even if that means letting another mill refine the ore. It has to show it can be profitable. Not under any circumstances should they consider anything else right now.
I know from experience what a drain a stock like this can be. I'm going to hang tiight and keep an eye out. If they I' reasonably sure they can survive I will buy more - maybe, but I will not sell for nothing. If worse comes to worse I'll follow croiner to the next company.
I have too keep asking my self who can force BNT into bankruptcy and I don't see anyone. On that basis I believe BNT will survive. And if they survive this would probably be the worst time to sell. Heck, if I was sure about it, I'd average down. After all what is Croiner really worth? BNT's market cap, at 5.5cents per share today, equals about $30 an ounce! That seems more than reasonable.
Don't forget too, almost all governments are in debt to their eyeballs and they cannot afford deflation. They try to make us believe it, but they don't want it. I think two things will happen 1. they will get what they want - inflation, 2. the market will prevail.