OTCPK:BELGF - Post by User
Post by
Blurr4on Oct 23, 2010 12:20pm
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Post# 17602905
Bandera Update
Bandera UpdateSpoke to IR yesterday. Yes I know it's been a looooooooong wait for... well... anything positive to come from Bandera but here is a brief descriptor:
1) As many of you know, we can hear from the Mexican courts any time / any day now to announce the closing of the court case on their Mexican property. Everyone believes this is indeed the end and Bandera will end up with it's share of the property legally returned to them. The announcement could come anytime.
2) Drilling in Colombia continues with a few holes already completed. They are hopeful to release assay results on some of the first holes in the next 3-4 weeks.
I've been nibbling on shares here and there lately, adding to my position. Unlike many companies that head into Decemeber following a quiet year, I believe that between now and yearend, we'll have positive news on Cinco Minas in addition to positive drilling results from Colombia.
I think we'll close the year out at a share price much higher than the current trading range. (Bandera investor for over 6 yrs).
* For those invested in Rio Plata, it appears we won't be trading until Feb/11.