RE: RE: RE: New presentation on website As I write PG is $4.22, less than its 50-day moving average of 4.43. I don't know how it could be otherwise; there is a desire to buy shares of the company Bridgeport BPV, because anyone holding Bridgeport will be awarded .375 warrant for each share held. Premier common stockholders will not be awarded warrants directly. [Though Premier as a company will gain warrants in the new company]. The remarkable thing is there's not more volume in the Bridgeport common shares as buyers move into it to participate in the creation of a new gold royalty company! Note that Bridgeport's Bullboard has only a total of 8 posts - ever! So this is a company that has really escaped attention, and is almost unfollowed, but is bringing to the table $19 million in cash. This cash will be turned over to Premier. Premier royalty division, with a loan from the Premier parent company, has been spending many millions in the past 6 months to purchase gold royalty streams.
Premier's deal with Bridgeport restores to Premier all the money Premier royalty division has spent to puchase these royalty streams. It gets it money back. Moreover, Premier gets about half the stock in the new company, and operating control of the company including right to name CEO and most of the board of directors. Premier used its money in the last 6 months wisely. And it gets all its cash back to have on hand for its projects. So the medium-term and long-term benefit to Premier and its stock price is all there - its the short-term where Premier stock has just a little selling pressure in effect while insiders and outsiders want to raise capital to participate in the new royalty company by buying Bridgeport common shares.
We are witnessing the creation of a new royalty company and it is getting almost no attention!
It is well worth reading the news release jointly issued by Premier and Bridgeport on June 28, 2012 - 8:00 AM EDT Premier Gold and Bridgeport Ventures Announce Non-Binding Letter of Intent to Merge Bridgeport Ventures With Premier Royalty Corporation
https://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=52363066&cp=off&webmasterId=101442