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Bedford Metals Corp V.BFM

Alternate Symbol(s):  URGYF

Bedford Metals Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of resource properties in British Columbia and Saskatchewan, Canada. Its projects include Margurete Gold Project, Ubiquity Lake Project, Close Lake Project, and Sheppard Lake Uranium Project. The Margurete Gold Project is located in the Phillips Arm Gold Camp and covers 687 hectares, approximately 200 kilometers Northwest of Vancouver in southwest British Columbia. The Ubiquity Lake Uranium Project, spanning 1,382 hectares, is located just south of the southern edge of the Athabasca Basin, Canada’s prolific uranium region. The Close Lake Uranium Project is located in the Athabasca Basin, and spans about 245 hectares. It lies within a key exploration area, including the Keys Lake, Cigar Lake, and McArthur River mines. Sheppard Lake Uranium Project covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast.


TSXV:BFM - Post by User

Post by 7Twiggyon May 03, 2024 11:13am
1415 Views
Post# 36021679

Makes me wonder what is going on.

Makes me wonder what is going on.I have seen this article and a number of updated versions a number of times in the past few weeks.
Guessing it is a paid promotion.  A number of things I like about the stock and a number of things I don't.  Lets start with the don't likes.  I don't like stocks that are promoted this way as you don't know if they are they real deal or a shell game.  .  The share count is unbelieveably low for a gold mining stock.  14-15 million shares out last time I looked.  CEO website lists the short position moving up to 3.3 million as of April 15. Hard to believe anyone shorting with this low a share count as a swift move up could be disastrous.  For the last few days everytime the ask is taken out, it is quickly replaced. A lot of anonymous sells which makes me wonder if insiders are trimming their positions. There are an awful lot of warrants out, who knows if they have been exercised.  on the plus site the buying has been unreal, over 7 million traded in the last few weeks. That is half of the total share count.  Even with the selling, the asks have been taken out quickly. Like the fact that both their gold and uranium properties are in excellent discovery areas. 
Bottom line for me is who knows where this is going. Most likely worth taking a small postion, knowing their is always a lot of risk involved. Most likely the thing that attracts me the most is the low share count. 650,000 traded so far this morning on all exchanges. Makes me wonder what is going on.
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