RE: RE: Sale of the Cachoeira Project for Approxim Production,
On the surface, I would have to agree with you, but I do not know all the ins and outs of the company yet. If I were to sell something like this, I would have asked for all the money up front, to help finance the expansion of the core asset. But with that said, have you looked at the stock of BRI lately? The stock has gone up a lot so it is not a total loss. We still have equity in the project and we do not have to contribute any more money to exploration. My opinion is that the company wanted to concentrate more at the projects at hand, Luna Brownfield and Luna Greenfieds. I think they have their plate full at this point. I think what you are saying is that they did not get enough for the project, not that they sold it because, a company like Luna, should not get too strung out and concentrate on the core.
On a side note, I really appreciate your analysis on the company and I look forward to seeing all of your insights, I hope to be able to contribute as well. I have a decent investment right now but will be adding considerably more at the right time. I think we are going to go into a small consolidation period here with gold and silver producers over the next few weeks so I am trying to time the purcases based upon fib retracements on the big picture of gold.
Long term, I see a huge increase in this stock and gold, just have to firure out how to buy more of it the best way.