OTCQX:BGMZF - Post by User
Post by
bigbabon Aug 02, 2014 3:04pm
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Post# 22805406
You could be right roller....
You could be right roller....Most logical way forward for sprott
1) extend repayment until Nov
2) remove working capital clause (dumb for explorer )
3) apply more interest / punitive warrants
4) install new CEO
5) find strategic partners after 43-101
Makes sense to wait 4 months to get your first payment back , make a bit extra , install a new CEO , and protect there 10% equity investment doesn't it ? I mean in 2 years time if they can get the equity to $2.00 that's 20-25M extra dollars (vs taking a 7-8m loss) ... Those investors don't like taking losses
Most of the all in costs for BL have been absorbed anyhow ... Just gotta get over the overburden into the juicy stuff .....a little common sense , planning and patience