5 cents Bunty, honest question for you and any other BSX shareholders or possible future buyers.
Hypothetically speaking. If you had 18 Millions dollars available and you could buy all outstanding shares at 4 cents each would you do it?
I know I would.
I wonder how many other investors would be willing to buy at 4 cents if they had the chance?
Second question. How many shareholders would be willing to sell at 4 cents?
Knowing that the current cash position alone is worth 4 cents a share, they would give up all the lands, gold reserve, gold resource, permits and licenses for free. Buyers would get all of those for free.
I think it's very unlikely.
If it can't go as low as 4 cents, how low could it go? Would shareholders be willing to sell at 5 cents?
That's 4 cents for the cash position, 1 cent for all the lands/gold or a 4.5 million dollars value.
I think this is unlikely but possible.
How many investors would be willing to pay 5 cents knowing that it's most likely the bottom?
Probably more buyers than sellers, so if it does touches 5 cents this wouldn't be for very long.
Only a few lucky ba$tards would have the chance to grab some of those before a rebound.
So how should we dertermine at what price to buy?
Let's say I want to own a minimum of 500 000 shares and a maximum of 1 000 000 shares.
Would it make sense to set up buy orders as follows?
0.07: 200,000 shares
0.06: 300,000 shares
0.05 500,000 shares
And if for some reasons 4 cents become available, I would buy at least another 1 000 000 shares.
3 cents/share would get you free cash on top of free gold. At this level all bets are off.