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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by glorieuxon Jun 30, 2012 7:47pm
426 Views
Post# 20072836

RE: RE: Specboy2011

RE: RE: Specboy2011

Another tell tell sign is the options issued at $1.21.  These guys are too smart to wait a minute longer than legally necessary to issue those options.  They could not issue them before the 43-101 because they were in a blackout.  They issued them on a Friday of a long weekend with only 2 hours and 15 minutes of trading, probably made sure that the BMO guys would be around to sell into the volume to raise money for the warrants.  I speculate that BMO will be getting a good slice of the next PP, maybe around $3 as a thank you.

 Now, the market had a chance to see the news and the price finished at $1.21 and so the BoD and management and consultants now have options at that price.  If they had not traded on Friday, they could not of issued those options on Friday.  A whole day of trading on Tuesday with everyone back at their desk would of meant a higher close and more expensive options.  These guys know exactly how the game is played and I am just happy I got to load up on Friday.

Enjoying the long weekend but cannot wait for Tuesday.  Prediction, open at $1.44 and close around $1.81 on heavy volume.

By the way, I expect bashers to be doing a full court press all weekend on this one, way too much money on the table here!!!

Glorieux

Bullboard Posts