SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Borneo Gold (VSE:BNO)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Everest who wrote (209)7/30/1998 5:23:00 PM
From: Nesbbria  Read Replies (1) of 233
 
Ron, that was quite a nasty hit we took yesterday wasn't it? A fair number of shares changed hands. I wonder if a good deal of short covering took place. That would be hard to determine as most of it wouldn't have had to be reported. The shorters seem to be looking for hard luck stories and pulling them down where ever they can. Of course with the way things are in the juniors these days it is getting harder and harder to find a hard luck story for shorters to exploit. With regard to IPJ, I haven't followed that one for some time. I never held any. I was nervous about that outfit but I can't remember why.

What happens now with BNO? Can only guess and hope. I think these folks still have a pile of money and can support exploration for some time(won't waste the dime on a phone call). I wonder if they poked at the edges on purpose. I speculate that shortly, we will see an anouncement that they are once again resetting the price of options to the new low price. Can't get a whole lot lower. All that alluvial gold is coming from somewhere. They seem to think somewhere nearby. Politics is turning around in Indonesia and they are making some moves to try to get the world to trust them for business again. When these cards all start to show up in the hand, I will still be holding BNO (no use dumping it now).

I wonder how long they will wait before they get serious about finding some gold. They are patient it seems, and I am now (like I said, no use dumping it now).

Ciao
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News