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B2Gold Corp T.BTO

Alternate Symbol(s):  BTG

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. The Company also owns the Gramalote Project in Colombia. It also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is engaged in operating Goose Project, which is located in Nunavut, Canada.


TSX:BTO - Post by User

Bullboard Posts
Comment by hopeful2000on Feb 12, 2013 10:21pm
199 Views
Post# 20978478

RE: RE: RE: RE: RE: Bad Trend

RE: RE: RE: RE: RE: Bad Trend

Chelsea,

Ask yourself why you bought this stock in the first place.  Did you believe it was a well-run company, with lots of growth potential and a diverse resource portfolio?

If yes, then don't let this hickup and the drop in price cause you to panic.  If the drop is due to protesting miners, then this is a problem that will very likely take care of itself. 

No one can or should tell you what to do.  None of us know what will happen next, but it seems unlikely that these miners have a lot of political clout.  If arsenic were leaching into the environment and it were found that swaths of land had been contaminated and the environmental lobby were up in armes - then we'd have cause for real concern.  But who stands behind this group of protesters?  What incentive does the government have to listen to them and disallow BTO from expanding their operations?  The gov't stands to gain economically from any increase of activity byt BTO in the form of increased royalties, employment and spinoff activity. 

Don't know enough about the story, but this type of event is far from unheard of.  It provides the perfect opportunity to run the price down through shorting.  The longer we don't hear of a resolution to the protests, the more fear will grow and people will throw away their shares on the cheap only to regret that action later.

As I said, no one can tell anyone what to do.  But we have to keep things in perspective. 

All we need news is that the protest are over or that some sort of resolution has come about and the price will snap back.  Some people have the stomach to buy when fear is greatest...

Bullboard Posts