Banyan Gold Corp V.BYN

Rising offers mean nothing

[CaptnBalz]

when the market cap of a 6.6 million oz company,  drills turning, 15,000 meters in the pipeline to be reported shortly, a CEO who has bought every private placement, institutional support, make that strong institutional support, a market cap under 200 million (should be 300 to 400 million based on spec and potential, not to mention past proven performance).

And you as a buyer are worried about a penny or a dime, even a quarter?
That is small-time thinking.

Bidding is gambling, buying the offer is for positioning and winning.
I buy the offers as liquidity allows. You may compete with me. That is fine. There are plenty of retail traders and small thinkers that will offer us stock as it moves up.

The Big players are not trading this. They are holding for the win. So am I.

[givemeabreak1]

CAPPY bought some Marathon today.  They have 5 million ounces like to be 10 million but the are concentrating on building the mine.  They are about 30% complete and 7 to 8 quarters to first pour.  Market cap under 300 million.  

[CaptnBalz]

Your timing is wrong giveme. Buy BYN now and buy the offers. Rising offers mean nothing at this stage. Anything under 50 cents is a tooth fairy gifting.

[givemeabreak1]

Cappy if you are a believer in the whole lifecycle thing!  They have gone through the discovery phase and are now in the Orphan Period so sort of dead money for 1-2 years unless they make another discovery of course......Then after a couple of years when they complete a FS and begin development they will move upward again. Note I mentioned unless they have another discovery which is very

[CaptnBalz]

giveme. In my mind, you made my point on the Orphan phase. Lets see if Chinas announcement that they are building a military base in Cuba to monitor US naval movements has an effect on gold. No one cares about gold at the moment, and as sure as graveyards are not the life of the party, this blood-in-the-streets action will end when it ends for both gold and jr's. Then everyone will care at

[givemeabreak1]

Cappy you and I differ on the fact that bidding is gambling buying to offers is investing!  First junior mining is never investing.  Anything is gambling!  Buying to offers is quite simply stupidity.  Market basics is the 'power of compounding'  bidding is key to effective compounding buying to offers limits compounding so is stupidity.  Unfortunately, this is

[rdy2rumble]

Not bad, your already down over 5% on your MOZ purchase and it's not even 24hrs into your account.. Well done.. Maybe let the grown ups do the talking moving forward. BYN is basically half the price of MOZ and twice the value.. 

[givemeabreak1]

Rumble you are talking stupid.  Bynum is 2 to 3 years at minimum behind.  MOZ is a high grade deposit Banyan is as low as it gets.  MOZ is building a mill.  You are comparing an apple to a banana.