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BSG - Bolnisi Gold (1 Viewer)

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What is everyone opinion on the last announcement, the market certainly liked it, but can this be sustained?


So far today, its holding up OK...
 

Out Too Soon

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kennas said:
Good luck OTS! :eek: Medium to long term it's a good stock. You still might get some short term volatility, but concensus seems to be that gold is heading further north.

Thanks Kennas, already out at a nice little profit, itching to get in again. :)
Mind you I have a smaller parcel which is longer term (cause it's red :rolleyes: ) . I'll be kicking myself if I'm not holding when this gos ballistic tho. :) ;)
 

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Rafa said:
What is everyone opinion on the last announcement, the market certainly liked it, but can this be sustained?


So far today, its holding up OK...

Just confirms my opinion that the resource is bigger and better & will continue to expand as work progresses. If you look at the geological maps in there annual report you can see that there is a lot of probable upside to there holdings & that's why every time I get out I get back in. :D More fool the people who sold under 2.70
 
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Out Too Soon said:
Thanks Kennas, already out at a nice little profit, itching to get in again. :)
Mind you I have a smaller parcel which is longer term (cause it's red :rolleyes: ) . I'll be kicking myself if I'm not holding when this gos ballistic tho. :) ;)

Good to see you did well OTS.

Still holding my position in the trade, price action has been strong of late in BSG and I can't see my stop getting tested........well maybe:( if 'Chicken Little' forecasts eventuate!.

Still I'm convinced BSG is a good longtermer and I'm bullish on gold so I might loosen the stop, or not bother.... if the market stabilizes!.
 

Out Too Soon

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Freeballinginawetsuit said:
Good to see you did well OTS.

Still holding my position in the trade, price action has been strong of late in BSG and I can't see my stop getting tested........well maybe:( if 'Chicken Little' forecasts eventuate!.

Still I'm convinced BSG is a good longtermer and I'm bullish on gold so I might loosen the stop, or not bother.... if the market stabilizes!.

I have no doubt BSG is a great longtermer. :)
You prob' know my opinion of stops tho', :D with a great future like BSG & a sp bouncing like a yo-yo "no stops" is a win win situation :D , as I said, as long as I'm holding when it really lifts off. ;)

(Please don't any newbies take too much notice of my position on stops. It all depends on your trading style)
 
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Glad i didn't set a stop loss, was so tempted to get out at 2.60 :eek:
Annoyed that i didn't top up when i knew i should have! :banghead:

Assuming there is no Feb 29th style crash again, BSG should return to where it was before it, i.e. 3.25ish at the very least, before heading towards its price targets set by analysts etc a month or so ago.
 

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Out Too Soon said:
Thanks Kennas, already out at a nice little profit, itching to get in again. :)
Mind you I have a smaller parcel which is longer term (cause it's red :rolleyes: ) . I'll be kicking myself if I'm not holding when this gos ballistic tho. :)

Well "if only" I'd held a couple more days! :eek: peaked at 3.09 now back under $3. What will happen next monday is anyones guess, I suspect The CFD mugs are the culprits for throwing the sp around so much, mind you I'm not complaining. ;)
 

Out Too Soon

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Rafa said:
yeah, it held up well today, considering its run from 2.60ish...

3.25 to 2.61 & back again (almost/maybe monday). Aint volatility fun! :D Lucky you didn't use a stop.
 
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BSG is getting back to where it was before 28th Feb...
Hope its not getting ready for the 30th of April! :eek:

so far its looking holding pretty well above $3... (big buyer at 3.10)... but it needs to break 3.40 to be really promising...

otherwise we could just yo yo back to 2.60
 

kennas

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Trading halt for 2 days or until ann. Material transaction. Takeover, or buying something? Nothing esle halted at the same time, so must be an overseas player.
 
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Sold out on this tumultuous stock just 1min before trading halt was announced. I had been expecting to get back in at $3.00 next week. Don't like my chances now.

Just my luck, can't take a trick in this game. Same happened to me with QAN. Sold out at $3.00 just before the takeover was announced. Damn.:mad:
 

Kauri

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Trading halt for 2 days or until ann. Material transaction. Takeover, or buying something? Nothing esle halted at the same time, so must be an overseas player.

MAY 2, 2007 - 10:53 ET Palmarejo Silver and Gold Corporation Requests Trading Halt LONGUEUIL, QUEBEC--(CCNMatthews - May 2, 2007) - Palmarejo Silver and Gold Corporation (TSX VENTURE:pJO) (the "Company") announced today that it has requested that the TSX Venture Exchange halt trading in its common shares and warrants (PJO.WT) effective at the opening of trading on May 2, 2007. The Company confirms that it is in negotiations with respect to a potential business combination transaction. There can be no assurance that such negotiations will result in the announcement or consummation of a transaction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
 

kennas

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1036 [Dow Jones] Bolnisi Gold (BSG.AU) remains in trading halt after 7.5% rise to A$3.30 yesterday. Some market participants believe Bolnisi will announce buyback of Canadian listed Palmarejo Silver & Gold, which is 74% owned by Bolnisi. In a minesite.com interview on March 22, CEO Norm Seckold said he was looking at the structure, that some "disconnect" has developed in the valuations assigned to Palmerjo and Bolnisi, that the structure may have served its purpose, and it was perhaps time to "simplify" things. While comments are highly suggestive of a plan to buy back the Canadian listing, some in the market continue to expect a takeover bid. "I'm hearing it's a bid," said senior institutional trader at major European brokerage. Bolnisi officials currently unavailable for comment. (DWR)
 

kennas

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9% premium for BSG holders in the merger deal is pretty ordinary. I suppose the upside is that this new company is going to be quite a big player. Still, there was always a thought that there would be a 'proper' takeover of BSG, and this is not what I had in mind when I was an owner.
 

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Glad I'm not holding at present, fair thing would have been to ask the share holders what they thought first. Holding or not I was still very happy with Bolnisi, new it inside out & ready to be a holder again. Now it's this big French concern with mines elsewhere, :confused: just not the same at all. Is BSG still going to be listed as such? I'll have to learn all about the new co. but-, it'll never be the same again -:( :banghead:
 
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i was regretting selling this one for 3.15, espcially when they went into a trading halt the day after!!! but not anymore...
 
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well I was regretting getting out at $3.29 ! Not any more ! Directors have stuffed up on this one.

May look at getting back in - see how it goes.
 
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Palmarejo will be Coeur's flagship project and directors are trying to hand it to them on a silver platter!! They should have at least got a better deal for BSG shareholders.

There is very little benefit I can see from merging the 2 companies. Their Alaska project is maturing, and while the Bolivian mine looks ok, the political situation there looks pretty grim. Basically Coeur are getting a much better deal than BSG.

Good luck everyone! I don't have a good feeling about this though...
 

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