RE:RE:Sedi sayspigbruinmcveid wrote: Yes, why buy on the open market at 23 to 25 cents when you can lock in 32 centers with those 40 cent warrants. LOL.
A trading close under 10 pennies or over 50 pennies.... which will happen first now that near term survival of BGM is assured.
And that price of gold... just how low will it drop... $10xx, $9xx or dare I say it $8xx for big 61.2% Fibinocci pull back on the 25+ year scale....
Can you image $8xx gold. LOL. Enough to curl your shorts, eh... ;)
halcro wrote: OBRADOVICH, THOMAS JOHN reported the acquisition of 300,000 32-cent shares under a prospectus exemption. There are 150,000 40-cent warrants attached.
These were likely part of the undersubscribed 9,375,000 flow-through financing mentioned in the 2015-06-30 BGM news release. Only 6.25 million of the 9,375,000 hoped-for units were snapped up by investors (33.333 per cent weren't sold).
No other insider participation filed on Sedi to date.
Ooooh, Boris, ...You are SO pessimistic!!!
Next thing we know, you'll be suggesting that that $96,000 (300,000 shares @ 32 cents) went right back out to Mr. Obradovich as salaries and perks (doesn't he get about $310,000 per year, plus the chance of a $300,000 performance bonus?).
He should be right on track for getting that performance bonus. With the BL mine and the QR mill shut down, he's saving the company a fortune by not mining and milling.
Sheesh, if he laid himself off, he'd be likely to get a two-year severance package (J Frank did, right?) PLUS two years of that $300,000-per-year performance bonus.