Post by
BNPResources on Oct 31, 2018 9:54pm
BNP - October 2018 - Letter to Shareholders
RE: October 2018 - Letter to Shareholders Dear Shareholders: The purpose of this monthly letter is to bring BNP shareholders up to date, on issues and news, since the last letter. The following is a summary of business development activities for this month: 1. Marthas Vineyard Project Meetings planned for November. A board meeting is also planned that will deal with assignment of new officers to assist with this project. Details will be announced next month. In order for our board of directors to have quorum, we must have 3 directors in attendance, at the meeting. We expect to be very active on this project after the US Midterm elections, and prior to the Canadian election in October 2019. 2. November meeting is planned with our previous financier (Big Rob), to discuss the following issues: - Hotel - See if he can raise $20 million in debt financing. Hotel is 200 rooms, with restaurant and bar. In the boom days it had 100% occupancy. If the Shell LNG project is approved, Grande Prairie will be booming once again. - Determine if debt financing is available to embark on a hostile takeover of a small gold producer in Nevada, that is in default on a $6 million US loan. This little company is profitable and has reserves of 250,000 ounces of gold. At $100 US per ounce in the ground, the assets are worth $25 million US. Stock trades at pennies on the dollar. 3. In addition to our financier meeting, we will be talking with a gentleman that is working for a Chinese funded company (Mr. T) and will ask him to see if he can help fund the hotel and or the gold production asset. 4. Planning a meeting with a small explorer to offer them $160,000 to take 4 wellbores, using our AER deposit fund. Subject to interest by small explorer and approval by AER. 5. US Midterm elections are on Nov 6th. I expect a Republican win in both the House and the Senate, due to the strong economy. Most people that I know in the US are working, and truckers are doing very well. Most, if not all, of my Canadian friends from the oil and gas industry, are unemployed. Those that are still working, are doing so either in the USA or overseas. Having steady employment makes a difference when you vote. The same pollsters that predicted a Hillary Clinton victory, are predicting a blue wave in November. 6. Hillary Clinton may be running for President in 2020, as the moderate candidate. Against the far left socialists, she may be the best candidate. 7. Canyon Creek Toyota in Calgary was recently purchased by The Jim Pattison Group of Vancouver. Very disciplined investors. 8. Vacancy rate in downtown Calgary is 27% in the office towers. Ive seen my share of closed businesses on a prior trip, which is not covered in the Calgary Herald. The $15 minimum wage is hurting our competitiveness with the USA, by increasing local prices. 9. The carbon tax is also increasing utility bills for most of us that are hooked up to Enmax. 10. Olympic Bid Not much support from Ottawa on this file. Appears that the Mayor of Calgary will be withdrawing from the bid. 11. Spring election in Alberta NDP versus the United Conservative Party. Will be very close in downtown Edmonton and Calgary, but the UCP will likely sweep rural Alberta. The issues are no more jobs, and no pipeline capacity, resulting in very low oil prices in Alberta. The economy will not help the current administration in winning another election. 12. October 2019 Canadian Federal Election I predict a Trudeau victory due to vote splitting between the Conservatives and the new Maxine Bernier political Party. Other issues could lead to a snap spring election. Either way, the Liberals win.