RE: RE: Trading Value Lurker, the Premier Gold deal means many things to Bridgeport shareholders.
1 - Bridgeport is going into a deal where money will be coming in every month. The gold royalty streams constantly generate cash income. Bridgeport enters the business of certainty. In the current 'tide out' situation where the junior sector has been pumelled, royalty companies have help up best by far.
2 - Bridgeport [probably] exits the gold mine exploration effort. There are way in excess of 1,000 gold mine exploration companies. Listed in Canada alone. Bridgeport could retain its gold leases and continue exploration but more likely it will option off the fields, perhaps retaining a future NSR or other consideration. Or just sell its projects for cash or stock. Bridgeport exits the business of great speculation.
3 - Bridgeport remodels itself as a gold royalty company. Of these there are very very few - sandstorm - franco nevada are a few of them. Count them basically on one hand.
4 - Brideport shares constitute ~50%ish of the new company but that's OK because a huge influx of gold royalties are added. The cap of the new combined company will double its current cap - from the get-go upon announcement. So the 'dilution' - which really it isn't dilution at all as we usually use the word - is = the double in increase in company assets achieved by the consolidation. So this means no loss to Bridgeport shareholders
5 - Boon to Bridgeport shareholders. For each common share BPV owned, will be given .375 shares warrant to purchase stock in the future. This is a definite inclusion of the shareholder in upside future. It accrues to anyone holding BPV common shares. The shareholders are acknowledged.
Comments on all above. Bridgeport was trading exactly for the value of cash on hand. Postings on this forum could be counted on one hand. Bridgeport was getting little attention - perhaps no loss since the sector was so beaten up - that even companies getting lots attention were having abandoned stock price values. Bridgeport has found a way out of the mess and is taking shareholders from a long cycle of explore drill explore finance drill plan build sell to one where checks come in every month starting month one. This puts Bridgeport, so long as it can finalize the non-binding agreement with Premier, as having accomplished something really significant.