OTCQX:BGMZF - Post by User
Comment by
tenbaggerson Oct 18, 2017 2:37pm
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Post# 26827647
RE:Mikael the Term "bagholder" explains the situation
RE:Mikael the Term "bagholder" explains the situationYou guys do realize OR/OSK/PRU/Tocqueville/JPM are the largest 5 holders of this name right?
Past 6 months have been musical chairs as the capital structure solidifies with arguably the best talent in the industry. Overvalued in this market? Absolutely - but you're not buying this name for this market. You should expect to have a moderately negative carry (Risk reward of -30%/+200%)
OZs in the ground will be worth more than readily producing assets as they will be brought to market during the next secular commodity bull market.