OTCQX:BGMZF - Post by User
Post by
Newfie75on Jan 14, 2014 11:03am
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Post# 22088964
Gold Sentiment
Gold SentimentSeems to be winds of change for Gold lately. Whether that continues or we get another takedown in pog remains to be seen. What's with BGM's steady northward movement lately? Can someone post level II because, again, there does not appear to be many sellers at these levels. If we were to get a descent news release in the next day or two we could likely see continued acceleration. Osisko news is a nice start to the new year even though the deal is undervalued considering the drop in sp across the board for gold miners. At least it's an indicator of what to expect going forward. I think 2014 is going to mark the year of takeovers!
Once again BGM could be in an excellent position if they can stick to timelines, considering how things may align for precious metals in 2014. We are already experiencing a slight rebound in pog, new year takeovers like Goldcorp/Osisko, articles discussing big money getting ready to invest in precious metal stocks again, and here we are patiently awaiting numerous assay results, production, a revised 43-101, which can all potentially strengtehn our sp if execution of commitments proceed. More hopeful at this point than anything but I'll take a movement from .41-.62 in a week. Cheers longs.