Barkerville Gold Mns Ltd BGMZF

RE:Watch out for the pumpers - extremely fragile

[bigbab]

Lol chilly in doubt , I suggest everyone reading the following cr*p , open the following link and play it while reading 
LMAO
https://m.youtube.com/watch?v=gIuotFZnBtk

borisYaponski wrote: Anyone considering investing in a gold stock based on the super positive spin coming from the BGM pump brigade, led by the ever fearful fatty Captain Underpants (aka the BBoS), rolling turd (aka roller aaka roadkill) and where has he gone recently, the Dude (aka duderino) should consider the negative posts as counter balance.

In short, the pumper are setting up a very fragile position. If the pumpers are wrong, you stand to lose a huge percentage of your capital in short order. What does the price of BGM do if the company is forced to seek court ordered protection. The price plumets to zero. Your loss goes to wipe out.

When a company in trouble falls, the fall is viscious. For example Colossus, a company that failed to deilver on a metal stream to Sandstorm, traded as high as $0.165 on Dec20/13 and then closed at $0.045 the next trading day on the basis of the bad news out of the company. Of course earlier in the year CSI traded near $5 when there pumpers still had control of the positive spin.

On the other hand the so called bashers are pointing out that per the latest financials, continued operation without a cash infusion is unlikely to be successful. The biggest negative IMO is the fact that BGM spent $2.40 to generate $1 in gold production. That does not scale, unless of course you use a Captain Underpants spreadChit worksheet (definitely hazardous to your financial health).

If the so called bashers are wrong and there is some kind of a hail mary pass out of the blue then you've lost nothing. You still have 100% of your capital. The so called bashers have a very anti-fragile position ala Taleb.

If you don't invest, and the pumpers are right,  then sure you've missed an opportunity by staying on the sidelines but there are millions of future opportunities to be had.  The pumpers however will work every angle then can to get you convinced that this is the only opportunity in the whole mining sector. They pump because they want to help someone onload stock because anyone with half a brain sees that BGM is extremely fragile at this point. To mine gold, you need deep pockets. Without money gold miners fail every time. So check the May 2014 financials. Look at current assets, current liabilities and estimate all in production costs from the real data and not the BBoS spreadChit worksheets.  $2.40 spent for $1.00 of gold production. How does that ever scale with a big investment in infrastructure to improve operations. But current liabilities far outweight current assets and access to funds is extremely limited (a rights offering at 15 cents per share might raise enought to pay off the current uncle eric loan and some of the other current liabilities.

This is not investment advise. JMHO...

Need an better alternate investment? Sorry can't help. IMO all gold positions should be avoided until there is a clear uptrend reestablished which IMO requires gold back to the $1550 levels. Not happening anytime soon IMO.

All comments most welcome. If the $2.40 spent to $1 in production is wrong then please post an alternate analysis based on the reality of the May 2014 financials.