RE:RE:BGM: forget past geologists!bxju wrote:
Easy to say if you did not buy shares based on the news of 10mm+ oz of INDICATED GOLD. A lot of people lost a lot of $ based on the PG estimate and FC's news release on 6/28/12 that said they had a Compliant 10mm+ oz of Indicated gold.. Now we have both FC and PG being called out on this. In addition, PG did the Rubicon 43-101 and even more bought shares on that news and all of the follow up news and lost even more $.
IMO, the shorts tell the story.
Short Positions for BGM Symbol Report Date Volume Change Shares Issued % Float
V : BGM 2012-08-31 2,412,918 0 109,401,649 2.21
V : BGM 2012-08-15 2,412,918 1,344,730 108,929,249 2.22
V : BGM 2012-07-31 1,068,188 -105,702 108,277,882 0.99
V : BGM 2012-07-15 1,173,890 1,063,181 108,297,882 1.08
V : BGM 2012-06-30 110,709 107,373 107,274,142 0.10