OTCQX:BGMZF - Post by User
Comment by
Newfie75on Oct 21, 2013 8:15pm
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Post# 21835391
RE:RE:To all fellow Longs.....question....
RE:RE:To all fellow Longs.....question....Thanks Cobalt. I decided to go with some of the longs opinions who suggested there would be a run up. I maintained my original core position (pre CTO) of 128,000 shares and just dumped the additional 22,000 from last week. It felt good taking in some profit. I just wish New Gold would go back up now so I can have some more reserve cash for the next BGM move up!
I remain a long and will not give up any of my core position until I see at least $2 or so. I don't think I'd want to see a buyout until gold rebounds to $1600 to be honest. BGM was at around 2.50 per share in may 2011 and that was based on speculation of the Cow Mountain 43-101 and maybe buyout talks. It's worth $10 if PG's number are correct but gold sentiment aligns with the POG, and thx to the FED and central banks, the public does not currently have faith in gold.
Nothing new. Just think we are well undervalued and don't want anyone getting BGM for a steal! Perhaps a buck by Wednesday?