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Belo Sun Mining Corp (BSX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.2350+0.0300 (+14.63%)
At close: 03:59PM EDT

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  • P
    Peter
    W…T…F… 🫠 I’m in T .27 and now gon me holding holding holding for a good long while.
  • M
    Mr
    From Belo Brazilian Blog "TRF1 of Braslia delegated to SEMAS and FUNAI the decision to advance the project's licensing process and reissue the Installation License for the enterprise. Belo Sun continues to actively participate in development and social integration activities with indigenous and non-indigenous communities in Volta Grande do Xingu"
  • P
    Peter
    Interesting what’s going on in Brazil around illegal gold mining, including in Para. IBAMA getting involved. Not sure how they’re going to reign it in successfully. Legal gold miners may be well positioned to benefit as a good amount of the total export is thought to be illegally mined still. Blockchain tech is being considered to make mine to bullion track able (somehow). Brazil could benefit from very simple procedure changes though as well.
  • M
    M
    There seems to be some huge buys. I'm wondering if it is just investors averaging
    down so they can sell. Any thoughts?
  • P
    Peter
    MDA last year 8/9 but this years last qtr was a bit later than previous so could be waiting til mid Sept for this next one. I think SEMAS nod of indigenous study is relatively immanent. Before end of year.
  • P
    Peter
    What the…
  • P
    Peter
    My questions were sent to companies legal dept for response. Will update if interesting. Numerous questions.
  • P
    Peter
    Volume up today 👌 No response from info@ yet to me inquiry. I suspect nothing stands in the way now for a JV agreement though. That should easily put this over $1 in short order imo when/if transacted.
  • M
    Mr
    BSX Technical Analysis

    https://youtu.be/T6qV84d_ewA
  • P
    Peter
    Any thoughts? This is where I think we are at: 1) the results of the study need to be submitted to Semas. 2) Semas needs to rule. 3) federal then needs to approve Semas’ ruling presuming it is positive. Does that sound accurate? I had been thinking all was clear but pretty sure I was wrong now. Still probably an excellent time to enter just want to get my head on straight.
  • M
    Mr
    Construction License will remain under SEMAS responsibility. Only the Environmental will be decided but I believe will also remain under SEMAS's. The Government of Pará will give them the last push to finalize everything. It's all about Politics.
  • P
    Peter
    FYI, received a response from company. They are in quiet period and say the questions I’ve asked should be answered in the mda coming soon.
  • P
    Peter
    $2B NPV with gold at $1,700/oz. Projections of gold I’m seeing for 2023 are between 1650-3200/oz. Come on SEMAS!
  • P
    Peter
    Posting again bc it was removed. The most positive ruling for Belo Sun since 2017 by the Supreme Court of Para: “The State Supreme Court overturned the suspension order issued by the Agrarian Court on the grounds that there was no evidence of damage or harm to the riverside people and that they were properly consulted as part of the environmental studies conducted by Belo Sun. The State Supreme Court also ruled that the decision of the Agrarian Court causes damage to the Company and stated that there should be no obstacles for Belo Sun to continue with the environmental licensing process while complying with the legal requirements determined by the applicable environmental and judicial authorities.” 👍
  • P
    Peter
    I gotta think this is temporary for a now more relatively risk-off major gold potential. This issue recently cleared has been hanging over the company for years and is now totally cleared and yet we are trading at 1/4 the pre-suspension height in April? Imma wait. I think they sell capital soon higher than current levels (.40/sh maybe), maybe partner.
  • M
    M
    Fantastic news on BSXGF!!!!! Time to load up before this really takes off!!!!
    YES!!!!!!YES!!!!! KEEP GOING UPPPPPP!!!!!
  • D
    Dennis
    What is a reasonable price for Belo as a takeover target? Reasonable being the key word.
  • J
    JEFF
    Good news, lets move this agenda
  • R
    Robert
    Those in the know understand VNNHF is about to win approval to break ground on their mine. target price is $2 when construction approval is granted. very high probability of acquisition. I bought about $7k at $0.32.