Post by
Kvman44 on Mar 11, 2022 8:34pm
Mali losing french soldiers increases odds of mine event
Main reason bto sp has been dragging with such a low pe ratio than its peers is instability in the country that 3/4 of its gold comes from.Attacks are ramping up against govt from rebels and Muslim terrorists on top of the closed border due to army not returning country back to democracy for 5 years.Gold mine seizures by govt or rebels or attacks would cause Bto to go back to 1 dollar. I sold today and made some nice bucks for holding last 4 months.If price falls back I may get back in .I may buy a more geo political friendly gold stock or hope for a pullback.Good luck everyone.My loss if this baby takes off and no problems arise due to what's looking like a probable event in mali
Comment by
Kvman44 on Mar 11, 2022 9:06pm
Low p/e is reason I got in which would make it a attractive takeover by a bigger player willing to accept that the value is mostly in mali along with the associated risk to reward.They would have made a run when it was below 4 bucks unless sudden world instability triggers the mindset