Pacific Booker Minerals Inc V.BKM

Pacific Booker Minerals is a terrible investment.

[CopperBull2021]

Here's why.

1) The CEO is a stock promoter, not a mining executive.  The board refuses to replace him with someone more experienced/knowledgable.

2) The management team is terrible.  Nothing significant has been done in the last 10 years.  They are incapable of doing the work necessary to move the company forward.

3) PBM has soured its relationships with the BC government and FNs.  It insists on fighting with both of them rather than working with them.

4) A small group of investors hold the vast majority of shares and effectively decide the direction of the company.   Unfortunately, they have no idea what they are doing and continually support the status quo, which is to do nothing.

5) The stock is thinly traded, both in volume and in buyers and sellers.  Except with each denial another bunch of investors pull the plug and sell their shares.  New investors are rare.

6) The shareholders are older, with little mining experience.  There is no large institutional investment nor investment from any companies in the mining sector.  That should tell you something.

7) The company's focus is on the past.  "We should have gotten the certificate.  No adverse effects."  "We've been screwed by the government." 

8) The company refuses to look forward, plan and implement something new.

9) The company refuses to issue meaningful press releases.  No public sharing of any milestones, targets, goals, strategies, etc.  Investors never know what is going on. 

10) There is extensive insider information exchange.  Everyone is calling the office and getting the ear of the CEO when they do.  Not much of what the CEO tells shareholders can be believed.  The CEO is never held to account for what he says.  Partly because nothing is ever written down. 

11) The board never sets goals for the CEO.  The CEO earns the same no matter what.  Same for the management team.

12) The company has not generated a cent of income since it started over 20 years ago, in spite of spending millions.  Nor is it any closer to having an operational mine than it was 15 years ago.

13) The company spent 10 years and millions fighting with the BC government rather than doing the work that was asked of them.   Now the company needs to start a completely new Environmental Assessment application, which will take years to complete.

14) The company refuses to share their plan, budget and timeline for said Environmental Assessment application.

15) The company refuses to admit that it must submit a new Environmental Assessment application.  The whisper campaign is that management can revive the old application and get it approved. 

Prior to the Ministers killing the last EA application the whisper campaign was that the company could get a certificate without a SAIR.  Look how that turned out.

16) The company refuses to admit that it must also now get federal approval for the Morrison mining project.  Again it has no public plan to do so and will not release a budget or timeline to get this done.

17) The minutes of the AGM and board meetings are never published.  There is no record of how board members vote and thus no accountability.

18) The voice of the small shareholders is completely ignored.

19) There will be a lot of ownership dilution due to options and warrants if there is ever a large transaction.

20) The Morrison resource is mediocre.  Canada is an expensive jurisdiction to run a mine.

Many of these things can be changed.   The question is, does this group have the skill/motivation to actually do something?

[DukeHauser]

You need to be at the meeting at the end of July. Please attendf it has to happen!!!

[CopperBull2021]

See item #3.

[CopperBull2021]

Sorry, see item #4, not 3.

[DukeHauser]

If everyone shows up they will have to listen if there is a revolt. Numbers in people will make them listen we need to show that status quo does not work anymore. Pressure needs to be added by attending in person. Everyone show up!

[whysolong]

What do you mean mediocre? the #20 on your list i thought it was a good deposit

[DukeHauser]

If it's such a terrible investment then why are you still here? Why not sell what you have and move on to the next bigger and better iinvestment?

[uptowndog1]

Great DukeHauser, I think he just likes sticking up for FNs, They have been pamperd for the last 80 years, Federal Government has given them 4 trillion dollars or more over 80 years. they are not being hard done by. I think our Federal and Provincal Government has treated them ok, What was done with the 4 Trillion dollars. You would have to ask all the Chiefs and Elders. THEY CONTROL WHAT THE