Club Mulgoa

Monday, August 29, 2011

BSR

West African gold miners are famous for good announcements when their tenements are in the right areas. But BSR has disappointed in the past when the JORC resource was announced; ie smaller than anticipated. But the drilling is not completed yet. So I have been topping it and it is nice to be 'vindicated' in my faith in geology.

At the height of recent turmoil it dropped to around 5c. I collected some at 5.1c. And after a great drilling result yesterday, it has moved temporarily to 6.2c. Investors often boost up the share price and then over the next few days, it drops down.

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