drillfix
17-11-2011, 06:38 PM
Anybody got any thoughts towards BSR which is an African Goldie?
Taken from the last ann in the left section:
FAST FACTS
Bassari Resources Limited is an Australian listed company focused on discovering multimillion ounce gold deposits in the Birimian Gold Belt, Senegal, West Africa.
ASX Code - BSR
Issued capital: 352,648,689
Listed options: 78,783,940 (exc: 0.20c exp: 30 Jun 2012)
Unlisted options: 5,800,000
No of shareholders: 1,808
Top 20: 32%
Cash at end of Quarter $3.56M
INVESTMENT HIGHLIGHTS
Exploration permits covering 851 kmē over prospective Birimian Gold Belt, Senegal, West Africa.
Quality ground holding in a 50M oz gold region which hosts a number of world class deposits.
Thirteen prospects identified along 80km strike length within Kenieba Inlier.
Strategic and dominant exploration package.
240,000 ounce maiden Gold Resource at Makabingui Project with drilling continuing along strike and at depth.
Senegal, stable democracy since 1960.
Gold intersected over a wide interval at Konkouto Prospect.
BOARD AND MANAGEMENT
Jonathan Warner - Non Executive Chairman
Jozsef Patarica - Managing Director/CEO
Dr David S Tyrwhitt - Non Executive Director
Ian Riley - Company Secretary/Chief Financial Officer
A while back, a friend of mine told me about these and I kinda was cash out (glad I was) and the price much higher than now, but dont understand why some goldies get sold off as they do.
I have positions in CVR and PXG and as of today bought a small parcel of BSR @ 4.7c
Can one of you fundamental guru's out there please run a ruler over these for what your valuation of the fundamentals are potentially are worth?
Technically the stock is dive bombing in a down trend, and similar to CVR I think the downside from here will become limited compared to the eventual or potential upside. (imo at present).
Thoughts appreciated plus this starts off a new thread to another goldie whom some may or may not like. :)
Taken from the last ann in the left section:
FAST FACTS
Bassari Resources Limited is an Australian listed company focused on discovering multimillion ounce gold deposits in the Birimian Gold Belt, Senegal, West Africa.
ASX Code - BSR
Issued capital: 352,648,689
Listed options: 78,783,940 (exc: 0.20c exp: 30 Jun 2012)
Unlisted options: 5,800,000
No of shareholders: 1,808
Top 20: 32%
Cash at end of Quarter $3.56M
INVESTMENT HIGHLIGHTS
Exploration permits covering 851 kmē over prospective Birimian Gold Belt, Senegal, West Africa.
Quality ground holding in a 50M oz gold region which hosts a number of world class deposits.
Thirteen prospects identified along 80km strike length within Kenieba Inlier.
Strategic and dominant exploration package.
240,000 ounce maiden Gold Resource at Makabingui Project with drilling continuing along strike and at depth.
Senegal, stable democracy since 1960.
Gold intersected over a wide interval at Konkouto Prospect.
BOARD AND MANAGEMENT
Jonathan Warner - Non Executive Chairman
Jozsef Patarica - Managing Director/CEO
Dr David S Tyrwhitt - Non Executive Director
Ian Riley - Company Secretary/Chief Financial Officer
A while back, a friend of mine told me about these and I kinda was cash out (glad I was) and the price much higher than now, but dont understand why some goldies get sold off as they do.
I have positions in CVR and PXG and as of today bought a small parcel of BSR @ 4.7c
Can one of you fundamental guru's out there please run a ruler over these for what your valuation of the fundamentals are potentially are worth?
Technically the stock is dive bombing in a down trend, and similar to CVR I think the downside from here will become limited compared to the eventual or potential upside. (imo at present).
Thoughts appreciated plus this starts off a new thread to another goldie whom some may or may not like. :)