Post by
marketmover1 on Jan 18, 2021 12:47pm
Boy was I happy to see this stock rise to 1$
With its recent rise to 1$ it allowed me to sell my remaining holding and I then turned around and sold it short. Why? I think this story is poised to lose its shine for several reasons. CEO Pollard is running out of promotion material. I doubt very much that tonopah will come anywhere close to 300mil AG equivalent resource, heck they're now including <300 g/ton intercepts so there is no way the production will be anywhere close to an average of 1kg/ton AG equivalent as BRC have been touting in past interviews. The DBP viens are too narrow, the inability to duplicate 29m of near 1kg/ton AG equivalent of the first dicovery at victor and in my opinion everything east of hole number one to Summas tepid results at the hughes property is either mined out or will just be more of the same kind of thin viens. Also they would be very lucky to hit anything over at the silvercloud property on the first drill programme. I am betting that this stock will return to its recent lows of 60 cents(that is my exit point on my short sale) or lower. I believe the only chance BRC is to become anything would be a merger with Summa Silver. All my honest opinion. I could be wrong....drill bits will confirm either way.
GLTA
MM1
Comment by
marketmover1 on Jan 18, 2021 12:57pm
Oh i forgot to mention that BRCs top shareholder BLGV(a 2 cent stock with nearly 500 mil shares outstanding) is using BRC as their personal ATM to finance their other gambling addictions. BLGV has sold over 1 million share in the last month putting further pressure on the share price.