Hi guys, my first comment - am new to this site. But have been following Bahvest for a few months and have bought in at an avge of 59 cents. My feeling is that we have to have patience for a few quarters of financials to be posted as this will underpin the company value and make it harder for owner/friends to shift the price up and down. At the moment, I feel I am only speculating if I try to sell high and buy low. I would rather hold and wait as I am sure I will time it all wrong!! I also think one problem has been that the stock is greatly over-valued. Its previous performance cannot justify a 70 cent valuation given 1.2b shares in circulation - so some future profits/growth has already been priced in. All the market conditions are in Bahvest's favour - but I don't think that the high gold price in itself is enough to attract the big boys in without some solid quarterly financials to underpin. Vincenbravo2 - your insights are invaluable - thank you for sharing so much info/feedback. Good luck to us all - I believe there is growth here but maybe not as quickly as we all hope for. But would love to be proven wrong on the timeline :)
Stock: [BAHVEST]: BAHVEST RESOURCES BERHAD
2019-06-24 13:05 | Report Abuse
Hi guys, my first comment - am new to this site. But have been following Bahvest for a few months and have bought in at an avge of 59 cents. My feeling is that we have to have patience for a few quarters of financials to be posted as this will underpin the company value and make it harder for owner/friends to shift the price up and down.
At the moment, I feel I am only speculating if I try to sell high and buy low. I would rather hold and wait as I am sure I will time it all wrong!!
I also think one problem has been that the stock is greatly over-valued. Its previous performance cannot justify a 70 cent valuation given 1.2b shares in circulation - so some future profits/growth has already been priced in.
All the market conditions are in Bahvest's favour - but I don't think that the high gold price in itself is enough to attract the big boys in without some solid quarterly financials to underpin.
Vincenbravo2 - your insights are invaluable - thank you for sharing so much info/feedback.
Good luck to us all - I believe there is growth here but maybe not as quickly as we all hope for. But would love to be proven wrong on the timeline :)