Hey Roe,
You asked about POG & BMG, well, even GS is saying we are looking at a higher POG, so I suspect this time it may be so. Guess for BMG(IMHO)it all relates to how fast gold recovers and to what level, and of course the stupid market perceptions. There is a very big problem in this that wants to prevent anyone from making money in in issue whose price has fallen below $5.00US. I don't think it right, but I know it is the way it is, and I can't change it.
I like & hold(still) BMG, but I can't guess how the market will think about it. Yes, they have gotten the right to mine a very good property again, but at times even in this market a profit does not matter.
You see, I can't say a bad thing about the company or the management, but it's about market sentiment, and thought processes(or lack there of).
It is very possible when gold does again move even if the producers with a low stock price are making more money than some with a higher stock price they may get no reward. BUT, it is possible when gold again moves back up it will be because sense & some form of rational thought processes have returned and all that remain will boom.
Flip a coin.
I think BMG (and ECO) might(!) be better off if they did a (gag-vomit) reverse split. |
