OTCQX:BGMZF - Post by User
Comment by
Rollercoasterblueson Jul 04, 2016 4:29pm
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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