OTCQX:BGMZF - Post by User
Comment by
RedHorizonon Apr 12, 2012 4:54pm
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Post# 19787871
RE: Permit Delays Etc
RE: Permit Delays Etc Newfie:
The situation in B.C. is not as pro-mining as it was let's say 10 years ago. But it is still ok. I was told that the department within the government is understaffed. But Christy Clark the new provincial governor has stated that she wants to bring at least 8 new mines into production by 2015 and also to help existing mines expand.
When there's a gold boom going on all the service providers get caught understaffed becuase every mining company comes to them fwith work at the same time. That's why the assays took so long. that's why the mining permit took so long, and that's why the current milling permit is taking longer than expected.
I'm worried about a cheap takeover as well but I doubt anyshareholders would agree to less than $2. Remember, the recent private placement was done at .85. All of those institutions who out in $25 million didn't do that to sell at $1.10. Lots of holders also bought stock over the past 2 years between $1 and $2.40. They wouldn't be happy with less than $2. Finally, I think it is certain that no takeover would be supported by shareholders until the resource reports came out. How can we sell something when we don't know how many ounces we have yet?
Then when the resource reports come out I believe we get a rally and from there we can think in terms of what kind of premium would apply. JMHO.
GLTA