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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 atacrawlon Jun 26, 2022 4:21pm
157 Views
Post# 34783331

RE:Over?

RE:Over?I imagine we could come up with a few theories to explain the seeming lack of progress.  But I'm starting to gravitate toward the mindset that management is waiting for higher silver prices to either ship or announce successful delivery.  Some precious metals talking heads are postulating that the Fed will pivot by Q3 or Q4, or maybe Q1 of next year, and will restart QE to "save" the economy.  And this will send silver higher.  So perhaps management is closely watching the macro picture and has Ocean's blessing to either hold off on delivery or to not announce delivery until silver prices are no longer stuck in the low-twenties.  In fact, a book by Norman Lamb called "Small Fortunes in Penny Gold Stocks," which describes the junior mining sector of the 1960's, mentions that some junior miners hunker down in "holding operations" just to wait until PM prices are higher.  So there is industry precedent for sandbagging.  The permit thing is interesting, and I believe it to be true, but it may also be used as a sort-of "cover story" to tell inquisitive shareholders who call the company.  I think that G may indeed be waiting or moving intentionally slowly until silver hits the next leg up.  I don't know what to think about this, but I do know I don't appreciate being diluted.  Time will tell.  
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