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Banyan Gold Corp V.BYN

Alternate Symbol(s):  BYAGF

Banyan Gold Corp. is a Canada-based company, which is engaged in the business of exploration and development of mineral property. The Company holds three main projects in the mining friendly Yukon Territory: AurMac Project, Nitra Claims and Hyland Gold Project. The Company’s flagship asset is AurMac Gold Project located in the Mayo Mining District. It has earned a 51% and 75% interest in and has the right to earn a 100% interest in each of the Aurex Property and McQuesten Property subject to certain royalties. The AurMac Project covers over 173 square kilometers (km2). The Nitra Gold Project is located in the Mayo Mining district, approximately 10 kilometers west of the AurMac Gold property, within the traditional territory of the First Nation of Na-Cho Nyak Dun. The Nitra Gold Project has around 1,442 claims (296 km2). The Hyland Gold Project consists of 927 active Yukon registered quartz mineral claims totaling over 18,620 hectares in an area that is road accessible from Watson Lake.


TSXV:BYN - Post by User

Comment by Greatdaysaheadon Aug 18, 2021 5:55am
123 Views
Post# 33722131

RE:RE:Byn and vgcx both tanking lately

RE:RE:Byn and vgcx both tanking lately

Many stocks are oversold but my focus is on these two. 

I added between .275 and 0.30 here. I wanted to grab some yesterday but volume and spread weren't big enough for this purpose. Banyan is still a tiny stock in terms of trading. A relative small amount can move the price 5-10% both sides.

Which one to chose between Banyan and Victoria, owning 11% of Banyan is a question or risk/reward. Different stages and so different risk profile and return expectations.

In fact, I was hoping to see Victoria at 20+ with Banyan below 0.30 to switch step by step from one to the others... But I reviewed my timing and already addes here. We know important steps are not far away and market could move in anticipation in September. I did not want to miss the boat...

For VGCX, next quarters earnings should improve dramatically and a merger is in the card as well... Not the right moment to decrease the position : just saying :-)
 

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