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American Bonanza Gold Corp ABGFF



GREY:ABGFF - Post by User

Comment by Combo9on Oct 11, 2012 4:15pm
232 Views
Post# 20474856

RE: RE: RE: stock geting manipulated

RE: RE: RE: stock geting manipulated

Also 230m shares in issue is not really a lot for a gold company which is in production.  If it was still exploring or developing then it would be a different story, but BZA is at the finish line now.

  In the last few months I've invested in companies with far more shares in issue like Yukon Nevada Gold (YNG, over 1 billion shares in issue) and Vane Minerals (L.VML, 440m shares in issue and still exploring). 

Also 46,000 oz x $1750 = $80.5m revenue.  A share price of $1 is not unthinkable given typical P/E ratios in this sector and the potential for POG to break new highs creating more positive sentiment, etc.

 

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