Belmont Resources Inc. V.BEA

BEA~RUMOUR HAS IT ALL WE NEED IS LUCK~INVESTORS LUV GEORGE

[moneywagon]

, 20:47

 

@GoodAsGold George isn't the problem or a problem. As I said before, the co has had 4 properties drilled over the last 2 years, 2 of them on another cos (Marquee's) dime, limiting risk/dilution to BEA. He's also managed to arrange financings with European/Asian firms, again limiting what would be the usual vultures from participating in placements. The float would be considerably higher (particularly fully diluted with warrants) had this not been the case, and the sp less. There's a whack of cos with caps below $1 mil currently with no hope of financing and no hope of work...and have essentially been stagnant since the pandemic. If there's any issue, it's what plagues the whole weakened sector...lack of broad investor/speculator interest that limits financing. With a couple million dollars, they could conduct more thorough programs, testing more targets particularly at depth that are more costly; but in the case of AJ could be the key. Other than that, about all George could do is possibly acquire new properties to generate excitement and start the process over once again...and maybe go at Crackingstone (while U is hot) and possibly revisit AJ to drill below Jackpot. George isn't the problem.

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