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Bayhorse Silver Inc V.BHS

Alternate Symbol(s):  BHSIF

Bayhorse Silver Inc. is a junior natural resource company, which is engaged in the acquisition, exploration and development of natural resource properties. The Company has a 100% interest in the Bayhorse Silver Mine, Oregon United States of America. The Bayhorse Silver Mine and the Pegasus Project are 44 kilometers (km) southwest of Hercules Metals’ porphyry copper discovery. The Company also has an option to acquire an 80% interest in the Brandywine Property located in British Columbia, Canada. The Brandywine Property is located near Squamish, British Columbia.


TSXV:BHS - Post by User

Comment by Henrich428on May 20, 2021 11:42am
143 Views
Post# 33237737

RE:RE:RE:RE:RE:Quite the frenzy

RE:RE:RE:RE:RE:Quite the frenzyPeople who bought an ultra-high-risk silver penny stock at the height of the miner frenzy in 2016 should be thankful if they even broke even (which people in Bayhorse have actually done already if they sold recently). If you bought Aurcana for example you're done, you're finished, you're down by 80%, you got rugged by the CEO and diluted into oblivion because he didn't give a single damn about you. Graeme has done his best to survive during one of the cruellest silver bear markets in history and to protect his shareholders. It is not Graeme's fault that the silver price crashed after 2014, after 2016, after 2018. 

In one of your earlier posts you brought up the Fundamental Research report from April 2018 and sarcastically asked "Why happened to that 0.62 CAD price target." Did you not notice the part where it said:

"The value of the company is highly dependent on silver prices.  There is a risk involving access to capital and potential share dilution. We rate BHS shares a risk of 4 (Speculative)."

https://www.baystreet.ca/articles/research_reports/fundamental_research/Bayhorse-Initiating.pdf

Why do people think that they can enjoy great rewards without accepting responsibility for the risks. That they can buy a call option on silver (an ultra-high-risk penny mining stock) and then take no accountability for their decision when silver goes down.

As I have said, how exactly do you think that Graeme should have got Bayhorse into production when conditions were so bad that the SP crashed by _fifty percent_ after this FR report came out, simply because silver went down. He couldn't dilute--the only option was debt--and I have demonstrated that debt is catastrophic to mining companies and that he was wise to avoid it. There is always a good explanation for everything that he has done.
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