GOOD MORNING YOU ALL /WHERE THE PROBLEM LIES AND WHERE THE RESOLVE WILL BE!
i examined all the trades for the past three days, and basically what has happened is that there are a lot of investors that want to own shares in BG!
there has been 2 sellers who have constantly hit bids, until yesterday, of which they were constantly on the offering, at the end of the day it started to slow down!
obviously its one or two institusions as i doubt that one individual has that much stock!
The good part of this is that the selling was well absorbed!
yes we are half from are high, but it also went up too fast!
the positive here out weighs the negative!
when they finish their selling and hopefully its today, the share price will begin its climb! again
If you are all wondering why the agressive selling , my personal explanation is that they are trying to balance their book for the end of the year, and obviously they are in a profit mode and are balancing their profit against their losses, of which they are probably selling as well!
Nothing as far as i am aware has changed at BG, the drilling is continuing into the belly of the porphyry , targetting the potasic zone.
i pesonally estimate that they are down 900 metres by now!
assay results are expected to be released early january 2014.
If you think about it what has happened , has given us one more and i stress one more chance to add shares to our portfolio at fire sale prices!
This opportunity in my opinion will not last much longer, as you all know that the float is very small and a lot of shares have been parked!
there is only so much that the sellers have to sell,and i can assure you they are running out of stock!
again if you are saying to yourselves if BG is so great, why are they selling, i can tell you i have been in this market for 40 years, and believe me this is not the first time i see this kind of sell-off, some of these guys are just not loyal to anything except their bottom line, especially at the end of the year!, or they need money for another play which happened recently with another stock i owned they just kept hammering the bids till they sold off what they needed to probably for another deal.
the conclusion is institusions can be great, and also deadly!
the problem will pass and BG will flurish without these guys I ASSURE YOU!
so just sit back and if you have the extra cash think where you want to place it!
BG can turn in a second and you will have to move very quickly to get addiitional shares in this range !
i strongly suggest that you do your own research on the above
and
have a nice day
General Kesef