EAC?What if the company does receive its EAC in 2016? My best guess is that there will be a rush of sellers to end the misery of being involved in John's private company that specializes in capital destruction. I predict that sellers will overwhelm buyers because who is going to satiate the selling pressure? Who is wanting to go "long" a stock that has the history of BKM, not even taking into account the low grades, low metal prices, and high capex to construct the mine?
John thinks he can take it to the TSX from the Venture and hired Renmark in 2013 to hype the company in order to do so. I am skeptical that the stock will reach $5 dollars with an EAC in hand. In the end, the only ones that will make money will be mgmt, the board, and John's nephew Victor.