Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:RE:News from Sprott

[bigbab]

bigbab wrote:
Awww stupid yapoopski....I will explain it to you for the sake of everyone.....

On the 0.00001 %  chance Sprott calls his loan , then BGM has 3-6 months to sell itself under bankruptcy protection.....  or negotiate another loan.......    (seeing how the term loan could be paid back this month or next seems a bit excessive no?...but I digress......

If BGM is able to get more than whatever is owed to Sprott (16M i think) , then that is all he gets.....  he get's his loan paid back...the other 10M in payables gets paid back...and thats all she wrote....

But Sprott (also j. Taylor / I . Gordon) know that BGM will fetch more than that..HECK even the tax write offs are worth 16M as FC and CO blew thru 130M over the years..... 

Why would E Sprott initiate a process that would kill his own "substantial equity position" and ensure he only gets the base value of his loan value back...it's absurd ......  might be better off to ammend the loan ....get his 16M back in due time and also see the quity rise to $2.00 in several years under a new CEO ....  thats 20M in the commons and likely 10M in the warrants.....

so let's do the math....
call the loan  (return of 16.5M )
extend the loan ( return of 16.5M &  +30M in potential with no risk)

stupid yapoopski ......