Benchmark Metals Inc. V.BNCH

What I really don't like

[TraderWannaBe]

is that they change their plans too fast. First it was 50k of drilling by December with buy out in q1 2021. Now its 100k meters continue through 2021. I was ok with the 1st plan. And i believe many ppl were as well. I think they found something really big and of course want to expand this program. Good for company and and thise PP investors but not for me

[BuyingTIme]

I agree but theres gotta be a reason because insiders shares are the same as us diluted they are diluted. I do know this for sure unless the guy lied to me. Years back I was in a beach bar in mexico and met a few guys in there from canada started chatting it up. In that chat was so what do you do for a living and the guy said I work in the main lab doing cores for hard rock companys and also more.

[Platin2014]

I dont get it, that you are not happy. With that amount of money raised they can drill for for the reserve and bring the company in a real good shape for a takeover. They make a swiss cheese out of that mountain to see what and how much is in there and you guys whining, I dont get it. We should have a party over the news 

[TraderWannaBe]

Well, i was going to take some more profit at the very begging of September. Not happening now with this PP and following dilution. BUT I'm still in green and made good money. Tomorrow will sell all my shares and move to another stock for next 3 weeks. And probably gonna be back on this board soon. I'm not saying BNCH is doing something wrong or management is bad. This company has a lot of

[BuyingTIme]

Dont blame you traderwannabe lots of junior plays out there. You got to follow what you think myself I never just jump and buy or sell think for a while let it soak in. Bt

[BuyingTIme]

That's true about 50 million in the bank. But only 1 drill result. If they proved it up to 2 million oz first our price say 2.50 then do a pp. That's how the juniors work. You prove something then pp a bigger price. You say party well the market never jump on it if it was great news. I bet if it was good drill results that came out the party would have started our climb to the 2.50 target.

[Platin2014]

In general I agree with you, but a PP like this takes weeks in the making, but with the flow through shares there is a timeline. They have to close the PP by end of August, four month holding period, end of December. So, if an Investor wants to take a tax advantage he/she has to sell after the four month and is still in this tax year. Beside that, I believe, that we get news tomorrow or Friday

[BuyingTIme]

Thanks for the information makes sence. Bt