You will make a different mistake as you did on MD*. On MD* situation, you overestimated its value which led you lost all of your investment in it. while on BAA situation you underestimate its value which will lead you lose all of your BAA shares if you have any, or lose your money if you are shorting.
I am not sure pog will go how low because we cannot predict the powerful pog manipulation. However, BAA situation is clear and nobody can stop its price rising in the near future.
Let me analyze for you where BAA is now and where it will go .
1, Did you realize the Wall Street Journal article "How a BlackRock Bet on African Gold Lost Its Lusterat"? When it was just out many people thought BAA would crush, but it did not. When POG decreased $100 in the past weeks and almost all of miners crushed, but BAA just did a slightly consolidation. You may wonder Why? The answer is: real investors know what value BAA has. So, you just waste your time here for scaring people away from BAA because real BAA investors are not traders and they don't care "trade well". My experience for buying BAA recently is that if you want buy big amount of BAA you cannot get fully filled even you slap the ask.
2, Did you find any insiders of other junior miners buy company stocks at the current bad POG market? The answer is No! however, BAA insiders do continuously. If you look at 'BAA.to' you will find there is no shares there for insiders to pick up. Now, price at 'BAA.to' has a premium over 'BAA'. So we are lucky that we can buy BAA here with lower price than insiders pay.
3, Investors loving junior miners is a group of people, like you and me. Did you find many junior miners have troubles recently?, For example, RBY and your MD*. When these junior miner investors experienced crush like RBY and MD* they will find a new junior to invest. Can you find a better junior miner than BAA for them? Your answer must be NO!
My time is limited, but if you need more I will write later.
