What BGM can do from now on? As a small shareholder, IMHO, the key issue is what BGM can do to minimize shareholders' loss.
The basic situation -
1. Current mgmt and some previous mgmt members have mismanaged the company and the projects, their behavior have caused requlatory body severe concern, deep suspect and MAY have found some wrong-doing. Hence they acted quickly to stop such bad practice spreading.
2. The so called NI-43-101 report from GeoEx is not acceptable by BCSC, probably because it exaggerates the resources without suitable data and methodology to support its resources estimation.
3. It is not completely clear that why current mgmt worked this way and caused this disaster, I guess the possible reasons include (not limited to) following:
(1) pesonality of some of the mgmt
(2) facing severe trouble from funds availability and doing the last gambling to raise SP and attract funds
If the above is true, what BGM can do to minimize the damage?
IMHO,
1. Current mgmt may have last chance to solve the pblm they caused, they must do it in a RIGHT MANNER & in VERY LIMITTED TIME, such as a few months. They must find new qualified person re-work with the 43-101 report, if it's possible. In case, because those raw data have QC QA concern, re-assay may be needed, that would be almost impossible for lack of funds.
2. If they can not solve the pblm in time, BGM needs a MAJOR RE-ORGANIZATION, find new mgmt team to try a turn-around
3. If both 1 & 2 can not work through, BGM may have to go to liquidate, and shareholders lost 100%.
JMHO & Just hope to see more in-depth discussion on this issue.