TSXV:CAV.H - Post by User
Post by
canneon May 03, 2015 6:10pm
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Post# 23689766
against the tide
against the tideYou would think a company that has overcome as many headwinds as BAJ has, nepotistic management,hostile takeovers, ballooning costs, delays,etc would attract some interest in the investment community now that the project is actually producing something with the prospect of positive cash flow in the not too distant future. I look at some of the other juniors being promoted and seeems to me they don't have a snowballs chance in hell to get the cash they need for their projects and they get far more attention than BAJ - 3 cents a share is for companies with no projects, no money and no hope, although paying off 8% of $2 billion will take basically forever - or to be more optimistic, a long time...
I think Cinto is a good possibility as it could conceivably add to the Boleo project but the way things have gone for BAJ, they will be there with too little and too late as Boleo's mining problems will likely be solved in the not too distant future. It would have been great if Cinto could supply copper ore to a feed starved refining plant.
Does anybody know what happened to "mining pays my bills"??? sold and went to something less dramatic (to the downside) than BAJ ???