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Brixton Metals Corp V.BBB

Alternate Symbol(s):  BBBXF

Brixton Metals Corporation is a Canada-based exploration company focused on the advancement of its mining projects. The Company is engaged in the acquisition and exploration and evaluation of resource assets located in British Columbia and Ontario, Canada, and Montana, USA. Its projects include the Thorn copper-gold-silver-molybdenum Project, Hog Heaven copper-silver-gold Project, Langis-Hudson Bay silver-cobalt-nickel Project and Atlin Goldfields Project. Its wholly owned Thorn Project is a 2,867 square kilometer mineral claim group. The Thorn Project is located in northwestern British Columbia, Canada, approximately 90 km ENE from Juneau, Alaska. The Hog Heaven Project consists of over 10 sections of private land. The project is located in Northwest Montana, USA. The Langis and HudBay Silver-Cobalt-Nickel projects are located within the historic silver-cobalt mining camp over 500 km north of Toronto, Canada. The Atlin Goldfields Project is in Northwest British Columbia, Canada.


TSXV:BBB - Post by User

Bullboard Posts
Comment by creaturecomphorton Oct 19, 2012 3:11pm
195 Views
Post# 20504278

RE: RE: RE: Lots of shares have been changing hand

RE: RE: RE: Lots of shares have been changing hand

I guess that could account for the price drop this week.  It's a lot of shares and they represent almost all the volume the past week+.  This is tax loss season and to be anticipated.  Just a guess, CIIH might be early sellers in the tax season so that in 31 days they can reaquire the shares.  They can take the write down this year, but buy back in before the drill results are published late December or early January.  That way if the drilling results are positive they still benefit from the leap in stock price.

 

For the most part I see the future of BBB dependent on a binary event late December or early January.  If the drilling paid for by the recent private placement successfully finds large accessible gold deposits then the stock price goes up and BBB can raise new money for mining at a good price or be bought out by a larger interest.  If they don't they either fold or do another PP with lousy terms. 

Bullboard Posts