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Bullboard - Stock Discussion Forum Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of... see more

TSX:BSX - Post Discussion

Belo Sun Mining Corp > Tagliamonte may be required to sell some or all of the commo
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Post by SIGG1 on Dec 13, 2022 10:14pm

Tagliamonte may be required to sell some or all of the commo

The heavy selling this morning could have been initiated by Tagliamonte to clear his debt.


from the November 7th press release 

To date, Mr. Tagliamonte has repaid $3,871,878 of the principal under the Tagliamonte Note, paid $349,037 of interest and the current outstanding principal amount is $500,000.

Following discussions between the board of the directors of the Company (the “ Board ”) and Mr. Tagliamonte, the Company has agreed to further amend (the “ Third Amendment ”) the terms of the Tagliamonte Note effective October 23, 2022 in order to extend the maturity date to October 23, 2023. The Company has no current intention to further extend the maturity of the Tagliamonte Note and the Company understands that Mr. Tagliamonte may be required to sell some or all of the common shares acquired using the proceeds of the Tagliamonte Note to fund the repayment of amounts owing thereunder to the Company on or prior to its new maturity date.

Comment by bullmostly on Dec 13, 2022 10:33pm
With all due respect for your thinking and opinion, I don't think so. Why when there is a whole over 10 months now almost before he needs to repay the rest? And when the board keeps extending the term? This was all about John Doody's sell rating today imo. It may also have been about the riots in Brazil.
Comment by Blunty1969 on Dec 14, 2022 8:02am
Feel for the bag holders here, I hope for all you share holders  Taiglamante ends up in jail with his side kicks,there use to a certain life style, and that's fine, but when yiu don't have the skills or potential to achieve so,they go to the dark side,and rape share holders 
Comment by Blunty1969 on Dec 14, 2022 8:10am
He's don in the  industry anyway after the amount of money they went threw towards paying themselves and very little progress, on a few gold events opinions are any time your part of Bahrti investment management, makes you raise a lot of red flags
Comment by SIGG1 on Dec 14, 2022 8:11am
Blunty, where are you from? Brazil? Do you work for Amazon Watch?
Comment by Blunty1969 on Dec 14, 2022 8:36am
No i don't work for the Amazon watch if I did and had a significant say in such I would have been fired I would helped belo get it's license when I had half million shares 2 and half years ago
Comment by Blunty1969 on Dec 14, 2022 8:40am
I just followed the carat for a while just like most I got out with a bit of luck I was going going to keep half of my position a capital raiser that's seems to find winners went in Ivanhoe mines so I just followed his lead due to his luck or success for the past 18 year, honestly I liquidate most of my Bsx back then to buy more invanhoe
Comment by Blunty1969 on Dec 14, 2022 8:45am
He' would never  raise money for flakes like Peter or Barhrti they will ruin your name.
Comment by SIGG1 on Dec 14, 2022 8:46am
ok Blunty, so what is your stragegy with BSX? If you don't mind to share of course 
Comment by Blunty1969 on Dec 14, 2022 8:49am
He insisted on getting away from flakes like this and it worked out for me,that's how I got into these field actually as his translator in Spanish and Portuguese but it's been a great learning experience with him visiting sites he's a great geological guy
Comment by Blunty1969 on Dec 14, 2022 8:55am
I'm actually going to Columbia to visit a cooper property with him a very  large play , sorry can't mention names don't know much about it so I don't want to mislead anybody 
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