Ballarat Gold - In a very good position ?

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12vic - Thu, 22 Dec 05 :

I think there's too many people out there just looking to make a quick buck , everyone has got so caught up in day trading that sound medium to long term investments are often overlooked . You have a good point about number of posts and share price - so perhaps it's not a bad thing that we haven't attracted the regular collection of rampers and shorters , at least it provides price stability .
My gut feeling , certainly since the last fund raising announcement is that BGF is a bit of a no brainer . Should things go well with the initial mining / production phase i.e the next 6-8 months , there shouldn't be any need to fund raise for a long time . Production revenue has potential to start building up very smoothly , meanwhile immediate exploration development costs for other projects are already funded - certainly for the next couple of years .
Merry Christmas Scarab !


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