OTCPK:BMTNF - Post by User
Comment by
claritason Apr 15, 2011 1:32pm
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Post# 18437932
RE: RE: RE: RE: RE: RE: Thats what I am saying sin
RE: RE: RE: RE: RE: RE: Thats what I am saying sinThanks for the feedback, BUT:
1 - As per the Oct 31, 2009 annual report : 'The exploration license has been renewed for a two-year term to August 2010'. I have not seen any mention that the license was extended
2 - Since they got shares for their interest in Mt Kare, how can it revert back. They did not give their shares back to Buffalo. So how can anyone say they hold BOTH the shares and the interest in the property?
3 - Madison does not provide any updates in their financial reporting beyond to say they wrote down the carrying value of the Buffalo shares.
I would like to hope they still have an interest, but at the same time can't rationalize how that could be. I would like to be proved wrong.
They don't seem to be doing well on the Lewis front either.....