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American Bonanza Gold Corp ABGFF



GREY:ABGFF - Post by User

Comment by bizwizon Oct 08, 2013 2:31pm
110 Views
Post# 21800300

RE:My guess

RE:My guessTo reply to jet-lag That's what I couldn't grasp about them. Despite the production, they are stuck having to panhandle thus giving away the corporation in the process which at 4 or so cents per share gives a very cheap equity position to those which buy in on the share emission while dilution the position of everyone else and also potentially assuring that the price stays depressed once the package owners start cashing in their stocks from the package... Mind you, they have stockpiled quite a lot of low grade ore, the high grade stuff being kept for a rainy day (I presume ...). But then, what's a rainy day ?... I guess that they have to pass by the stockpile first...Hopefully they won't turn up looking like TVX gold which drilled a nearly 10 mile tunnel between the east and west side of their Casa Berardi property before calling it quits for good...
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