OTCQX:BGMZF - Post by User
Comment by
yaponskion Nov 07, 2013 3:07pm
301 Views
Post# 21886044
RE:BMO sale
RE:BMO salehalcro wrote: BMO just dropped 47,500 shares into the morass, taking the price from 68 to 66.
| Recent Trades - Last 10 of 29 | | 13:20:25 | V | 0.66 | -0.03 | 15,000 | 1 Anonymous | 9 BMO Nesbitt | | | 13:20:25 | V | 0.67 | -0.02 | 8,000 | 79 CIBC | 9 BMO Nesbitt | | | 13:20:25 | V | 0.67 | -0.02 | 9,500 | 46 Richardson | 9 BMO Nesbitt | | | 13:20:25 | V | 0.67 | -0.02 | 5,000 | 7 TD Sec | 9 BMO Nesbitt | | | 13:20:25 | V | 0.68 | -0.01 | 500 | 79 CIBC | 9 BMO Nesbitt | | | 13:20:25 | V | 0.68 | -0.01 | 8,000 | 79 CIBC | 9 BMO Nesbitt | | | 13:20:25 | V | 0.68 | -0.01 | 1,000 | 39 Merrill Lynch | 9 BMO Nesbitt | | | 13:20:25 | V | 0.68 | -0.01 | 500 | 79 CIBC | 9 BMO Nesbitt | |
Halcro,
When BGM ran up from the mid 40 cent range to its 100 cent peak, were there a lot of like small volume prices to the up side.
It sure looks like it doesn't take much to move BGM up or down. No a robust market by any stretch of the imagination.
I know the pumping longs believe it is going to be different this time round. This is the one. This time the production plans at low all in costs is gong to work out. No more share rollbacks. No more dilutive finance. Just production and soon dividends.
Yet there is an alternate reality where past behavior repeats. There will be another shareroll back if history is any kind of an indicator. There wan't be 50K ounces produced in 2014 or 2015. There will be a funding crisis in the not to distant future. I am not saying any negative but am rather just looking at history as one possible indicator of the future.
Yet the pumpers believe it is going to be difrerent this time. The big price moves on light volume doesn't matter one wit. It is all good. And if gold recovers to the new highs Sprott predicts, then indeed it will be all good and our longs will be buying villas on white sand Cuban beaches.
We'll see....