RE: RE: RE: Brent Cook on Takeovers Seeing the report or having an in depth knowledge of geology is not relevant in this matter. The level of gross concerns that that commission had for the content, presentation and format of the resource report clearly indicates that significant deficiencies existed and as such, it's underlying causative elements could be sourced in two ways.
A. The report was produced by someone who at the time of thier procurement of services, was not proficient in their production.
B. The report was produced by someone who was procured purposely for their proficiency competencies (wink, wink, nudge, nudge).
Given that the report inconsistencies were similarly flagged at Rubicon strongly supports the premise that the author's professional competency could be reasonably construed as being a red flag in the matter and this component will be significantly supported without questions should the updated resource calculation be returned as highly variable.
I am not of the opinion that Mr. George knowingly and with ill intent, produced a document that would have resulted in a false proclamation of resource constituents but, i do have serious concerns that the repeat outcome of investigation consequences by the exchange supports a professional competency concern being a major component in this issue. Could it be the there exists an element where the statement "you get what you paid for" has significant relevance for BGM management. This statement should constitute a fair warning to other junior resource companies that the selection process for the procurement of professional services should form a major component of a companies overall corporate governance and strategy undertakings competencies as well.
The benchmark component of issue to all of those concerned with managements capacity and compentency to move towards production rests largely with confidence concerns that could be drawn from the above. Im my opinion, it does not appear that there was any malicious intent in the matter by either management nor professional servicings but there does appear to be an issue with compentancy and capacity in several areas leading up to the present scenario.
The investors can draw thier own conclusions in the matter.
Tedsky,