OTCQX:BGMZF - Post by User
Comment by
yaponskion Dec 16, 2013 6:57pm
204 Views
Post# 22011674
RE:Is BGM a penny stock?
RE:Is BGM a penny stock?
.....give your head a shake!! With assays like these JUST STARTING to be released in a small snowball.....
Roller,
You are confused. When the news originally came out in 2011 BGM did run from the 40 cent level to $1.67.
Today's news release was just the results validating the original news release. But I can see why you might have been confused. Today's news release did not show any of the results from the 2011 assays and were in some ways presented to superficially look like new results. Of course the pros would have read the NR correctly and largely ignored it as a rehash of past results. The question of the 10M Oz Indicated dropping to 1M Oz Indicated in the July 2011 to August 2013 time frames would be a much bigger factor in any valuation decisions.
Can you recall any junior that lost 9M oz indicated? That ia a big hit for any sized company.
Better brush up your reading skills roller.... and you forgot to note that BGM also has 5 (or is it 6) IR staff working full time!!