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I say things on Twitter

8/19/13

B2Gold (BTO.to) (BTG) thinks it can make profit with your money


Step 2: The BTO pops Thursday/Friday

Step 3: BTO goes to market to raise $225m today Monday.

Sheer coincidence, that TV appearance...y'know. Honest.

Anyway, BTO has enough cash for all its projects right now so this means it wants to raise cash to buy something (it also suggests that BTO isn't about to sell its 49% of Gramalote to Anglo). As we know The Clive and his merry band do their homework carefully before making a purchase move, you can bet that the target is already clear. It also means that quality small gold producers or late stage development projects are seen at a discount by the smarter end of the market, so screw Clive and buy the things he's looking to buy.

UPDATE: Fame! Or as Oscar Wilde put it, "There is only one thing in life worse than being talked about, and that is not being talked about". But he would say that, wouldn't he?