Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:You would be a lot smarter...and wealthier investor....

[Japanophilia2]

I haven't been around that long, but have found getting into junior explorers and producers a harrowing experience. When the drill results are poor, the SP collapses. When they are good, it may still drop. Then you wonder if the majority shareholders will take the company private. To commence production, there are always endless placements and dilutions. And when there are production delays, the SP plummets again. When the company mothballs the mines because of low commodity prices, the maintenance costs slowly eat away at the market cap, or the mines may have a danger of collapse. Holding on to a concession while waiting for the commodity price to rise doesn't work either, because licences often come with compulsory drilling within a time frame. Which means more dilution. waitingstill knows what I'm talking about. Juniors give an accentuated rise in the SP when commodity prices recover. That is the only reason I can think of for buying them.