Post by
gnawitall on Mar 24, 2014 8:36pm
Alex P Keaton great letter
Great Letter AlexP Keaton - Realistic ! You haven't mentioned that the principals are dumping stock at these current prices - how else do you think the box can hold this up - I cannot find any reason for New Gold to buy the property !!! ????? Just because it is near them isn't enough ! Rainy River in fact had the option at one time to own the property and didn't exercise it's option - In fact few people that own this dog know that Rainy River put the first drill holes down on this BYV property - So they did have some idea of the potential or the lack of the property - You speak of Modus Operandi - again you are absolutely right - this was a promotional put on from the word go - New Gold can wait them out that is for sure - and the Rainy River property isn't coming into production for a good long time - who in God's name wants to hold BYV when in fact it aint going anywhere - except down in the end play - just a matter of time - Better to dump this one - Don't wait until the principals have dumped all their holdings - get on it now and save yourselves some bucks ! If there was a financing do you really think it should be done at approximately the same cuurent trading prices ! My evaluation is zero at this point
Comment by
bluesteele on Mar 25, 2014 8:25pm
Yes I again agree with APKeaton, managemnet and it's geo's did a decent job of proving up the merits of the property and keeping shareholders informed until I would say the last 4-5 months where things kinda just went quite..... ? The NI - 43101 was dissapointing which leads me to think that a take out is only possible at a much lower share price.