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04/07/09 5:05 PM

#13278 RE: GoldenKnight #13274

Quick note on BGLPF/BTO.TO.



BTO has barely doubled from its November lows while many of the juniors have all TRIPLED or way more...

Ok, they diluted the share count X 1.28, but in the process have become a producer with great assets bought at incredibly cheap price.

I am missing something or this is due to go up way more ST ( as it has lagged many other Jrs )?? As GoldenKnight suggests some of these Jrs might have some life on them left...I think BTO is one of them.

Has been very strong as of late. Cl001 mentioned they might have another buy out lined up just right after the CSM adqusition.

I have been selling roughly 30% off my large position these last days forcing myself into take profits (came from CSM mostly bought at 30s and 40s).

But I keep repeating myself profit taking is only good, but in the back of my mind I know I am blowing it as usual

What´s not to like with BTO? Great proven management with great assets, cash in the bank and very low valuation. Great LT hold if one can stomach the ups and downs.

Thus I dont see why so many sold out completely and so fast of this here.

Comments anyone?