1. Most Discussed
  2. Gainers & Losers
BSG 0.0¢


  1. cdchi1

    8,379 Posts.
    Your right, there will be no problem paying a divvy as the company I believe will receive approx US$1.5 million dividend from Quartzite for the december quarter, despite low production. As it is a dividend that means costs already accounted for, hence it is approx AUD$3 million profit.

    However my ideal situation would be for them to suspend the dividend. I dont think there is any need for them to pay a divvy yet. The company is a GROWTH company. It should be focussing all its finances on development of OCAMPO and ROSEBY. Ideally i would like to see the price run up a little, then an announcement that the divvy is suspended, which of course would be followed by a fall. However in the long term, and i am VERY LONG term, this would be by far the best option. I'd probably even increase my holding, from its current considerable size.

    Anyway first time i visited this board, (cant seem to access ozestock from home for some reason) so good to see there is interest in BSG elsewhere. Minimum the stock price should be at least 25c based on quartzite minimum reserves alone...if everything comes off, including expected extensions of resources at ocampo, quartzite and roseby (and i mean EVERYTHING) the stock could reach $1 over the next 2-3 years. Patience!!! Worked for me with Oxiana (been holding for 3 years now although have been in and out a couple times) and will work with this one too.

    PS: Note that the gold, silver AND COPPER prices jumped overnight. Silver was particularly strong which is surprising but fantastic for BSG.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.