Re: Whats going on?
in response to
by
posted on
May 04, 2008 06:44AM
Platinum Group Metals (PGM) in the Stillwater Igneous Complex of Montana
Dear random_walk,
I think we should concentrate more on the facts at hand. Good news equals lower share price....when bad news arrives what will it do to the share price?
At present Mike Johnson is not providing much news about what they are doing at BTP except that they are trying to drill and find out more what they have or already know they have. So what exactly are they doing? Who knows?
As with any speculation there is a risk that you could lose money OR you may just be lucky to make some money. When I first read about Beartooth Platinum through an article written by Neville Maycock at SeekingAlpha, I thought to myself given the results of the assays and BTP´s proximity to SWC I thought this would be a good investment. Ever since I purchased those shares the price has plumetted despite the variety of good news that has been published.
I would like to know what are the possibilities that may occur with BTP....potential roll back, share dilution to raise more capital to continue drilling, a potential takeover from one of the major players like SWC. We all know that more funding will be required to enable BTP to continue their exploration well before they even start mining.
You mention that you would not sell at 50 cents, how do you know that it may reach $3.00.....I don´t think your crystal ball is better than mine as no one knows what happens in the future. I hope it reaches $5 some day but I am only guessing at what the potential price may be.
Lastly despite doing my own due diligence alot of other people in the Stockhouse board are expecting the worse is coming despite all the good news that has been had thus far. So whilst you ask if I have been suckered.....I certainly feel I have been since I bought this stock thinking that given the exceptional location, extremely good drill results (which I feel now has been manipulated....maybe I am just paranoid)...all of which has translated into poor share price.
From your comments you are saying that I should buy more shares instead of off loading my 300,000 shares. Also eurozinc may be a once in a lifetime occurence I think it is ludricrous to assume the same will happen to BTP. I welcome your views on what I have said and look forward to hearing from you soon.
Cheers.