RE: RE: Call Jay Oness with IR Questions""" Which is why up to and including the week of the NR, the word from IR was still that is was going to be relased for sure, and also why management bought much of the recent PP at $0.50.....they thought it was a good deal at the time....As much as they all want BVG to suceed, there is no way in hell they would have spent there own moeny for shares at $0.50 if they knew that they were not going to relase the 43-101 """
Somehow I doubt that management didn't know in advance that they were contemplating a delayed release of a NI 43-101 Resource calculation during the recent private placement. Doesn't management run the company!?? I think that instead the management did not anticipate on how the market would react to such a decision. Where management made a blunder though is that they should have provided a plausible reason why delaying a 43-101 would be beneficial to shareholders. A few sentences saying further drilling is required to prove up recent stellar drill results which would expand the resource calculation even better than expected would probably have helped. Instead use this stumble as a great way to make a cheaper share purchase. After all if management thought 50 cents was a great deal then sub 35 cents must be even a bigger bargain.
Anyway this stock is a longer term hold of at least a year and not a quick flip. Further drilling should add excitement as results are disclosed. Nevertheless exploration companies remain as risky as ever and should be treated accordingly.