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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Comment by Rollercoasterblueson Jul 04, 2016 4:29pm
182 Views
Post# 25020970

RE:RE:Pretty Quiet

RE:RE:Pretty QuietWaiting....its all about the float of shares (293 m.) in many respects......when the production and profits are there ......float won't matter as much but right now we are looking at a $200 million market cap and I suspect only great drills, 43-101 improvements or $50-100USD gold spikes will send it gloriously upwards......there are a lot of people still selling out their cheap shares that were purchased between .20-.35 cents over 2 years so I see this moving steadily sans any rocket fuel...so if you are inclined to accumulate, its all good for the next while.....if not....then enjoy the show going forward but remember that so long as you are in a profitable state (I assume you are), you are in the drivers seat so you can turn your attention elsewhere to accumulate as opportunities present themselves and sell BGM with time as you get your price. For me, I see my position in BGM as a potential cash cow for other moves going forward. I sold 45% of my position between .60-63 when we hit that range in the first rocket up from the .20's.....now, I have picked my spots to get almost half of that back and most at lower that the .60-63 range.What kills most investors in penny stocks is they get too jumpy when if you treat them like they are a 'cash cow' when you get to the right postiion, they can be amazing investments to have to fund other ventures or just get rich...lol

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