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Bullboard - Stock Discussion Forum American Bonanza Gold Corp ABGFF

GREY:ABGFF - Post Discussion

American Bonanza Gold Corp > Well that was a lot of nothing
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Post by Amadeus2011 on Mar 01, 2012 11:11am

Well that was a lot of nothing

So a few months back one stupid analyst says watch BZA and it goes to 0.71

Now here we are with news of the first delivery and the SP does....NOTHING!

W   -   T   -   F?

Am I missing something?

Comment by Capitalist_Pig on Mar 01, 2012 11:14am
Patience.   The stock is not widely followed. It is the retail investors who will move this stock. They need time to digest the news.    
Comment by camphor on Mar 01, 2012 11:18am
You forgot about AG and other big guys who are playing with this stock, trying to buy more shares from the weak hands at a low price. I have taken this opportunity and purchased over 100K shares just in Feb under .5/share. I bet those guys are going to try to force the price under .5/share again, just before the mine is in full production. I am gonna free up more money from my oil stocks, and get ...more  
Comment by behindblueeyes on Mar 01, 2012 11:25am
you can forget about making a quick buck or two in this one I have resigned myself to the fact that this is a looooooooog tearm deal (have been in for 6+ years) at .15 c av could take the profit and run but no way with the grades (prelimanary)thay are getting and with drilling about to start to expand resource and the politicaly stable place they are in this is turning into a 10 yr hold for me I ...more  
Comment by camphor on Mar 01, 2012 11:40am
Wow Blueeyes, 6+ years !!! That is long !!! I have only been in for 5 weeks. My average is .50c. I am gonna hold this stock for at least 3-4 years. I think this one is gonna move to $6 bucks in 4-5 years. (I am comparing all the KPI with SVM). SVM has 170M shares, we have 180M. Their book value is under $3. and BZA's gold reserves in copperstone is about $2. SVM was trading at $16, now it ...more  
Comment by camphor on Mar 01, 2012 11:55am
BTW, there is no reason to chase this stock now. There is gonna be at least 1-2 weeks before we hear from the company again. (might be longer). AG is gonna to try to force the price to trade under .50c again. (he is doing what he does best again, now the stock is trading around .50c.) The short term support line is 0.47c. and long term is 0.46c. I am gonna take my time and wait for my ...more  
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