Bellevue Gold Ltd V.BGL

Primary Symbol: BELGF

Metals & Mining Gold

Bellevue Gold Limited is engaged in the exploration and evaluation of minerals and mining and processing of gold at its Bellevue Gold Project in Australia. The Bellevue Gold Project is located in the northern part of the Norseman Wiluna Greenstone belt in the Yilgarn Craton, Western Australia. The project is approximately 40 kilometers (km) north (by sealed highway) from the regional center of Leinster and covers approximately 1,930 square kilometers (km2) of mining and exploration licenses. The project represents one of Australia's highest-grade gold mines, with a Mineral Resource of approximately 3.1 million ounces (Moz) at 9.9 grams per ton (g/t) global grade resource.

OTCPK:BELGF - Post by User

Bellevue Gold Ltd

Bullboard Posts

Comment by my2bitson Apr 02, 2009 8:03pm

730 Views

Post# 15892795

RE: RE: Fools and their money are easily parted.

I do not agree 38.75% is of a minor impact as it translates as 38.75% less in the value for any one share. Anyone doing their due diligence would, normally, take into consideration this fact.

In counterpart the company's cash flow could be increased by 6.25m$, if all shares are sold and warrants are exercised.

The question is "does any one investor considering BGL, as part of their portfolio, believe the company has the potential to deliver a ROI in a reasonable period of time"; once the court case is resolved and all claims of direct or indirect ownership in the Cino Minas mine are settled.

Another key component, in any DD, is the intrinsic value of the company's management. although I believe they did not undetake sufficient DD prior entering into an agreement with Barnett et al they, not only hold key stakes in the company, but have proven themselves in the past.

Another consideration is their property in Columbia that may hold has much if not greater potential than that of Cinco Minas.

What I deplore most is that when the courts rule, hopefully in their favor, potential investors have all but dried up and it will be a very difficult road ahead.

The only news I expect (the sooner, the better) is that the courts have ruled in favor of BGL and the operations in Cinco Minas can start up again prior the year end.

I am a long time shareholder in BGL and although I was very unhappy, to say the least, about the events between the company and their partner Branett and MSJ and blame management for their lack of foresight I believe BGL will turn around - the only "hick" in the equation is the uncertainty about the court's final judgment.

Once that cleared up (in favor of BGL) I do not believe Cinco Minas will return to its heydays of two years ago prior the year end but with Cinco Minas and Columbia in production it will be a winner.