GREY:ABGFF - Post by User
Comment by
materialsgirlon Apr 26, 2011 12:50pm
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Post# 18489244
RE: The Sleeping Giant
RE: The Sleeping Giantleojay
Sell in May and then go away is a good practice only when there is little summer activity.
BZA will have a busy summer with mining commencing before the snow flies.
On approach is to be nimble and sneak out and try to slide in again in 3 months. I have pondered doing exactly this.
The risk is that the share price is likely to be 65 cents by August and you never know when it will take off. Also, if we sell we have to pick a buy back price. It may never go below 40 cents again and I will be shocked if it goes under 35 cents.
Nevada Copper has a similar circumstance. They will not start mining but on June 30 they will release a bankable feasibility study. If it is very positive the price could rocket 20% within 24 hours and .........
The cash on hand, the lack of debt, the nearness to mining make BZA worth holding on to. That is what I am doing