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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
Post by mailmancpon Aug 18, 2012 11:53am
589 Views
Post# 20232863

Hypothetical situation

Hypothetical situation

A very good friend of mine who knows this deal quite well had mentioned to me yesterday that he wouldn't be surprised if BGM never came back to trade again as a buyout might happen before the stock comes back.

We all know that there has been activity for awhile in regards to majors looking at BGM.   So here is the situation.  (the stock isnt trading so even you bashers can take part in this.)    If major company XYZ makes a $3 per share buyout attempt prior to BGM even coming back to trade will you tender?

In my opinion if a company were to come in with a buyout proposal of say $3 a share most shareholders would tender and this buyer would walk away with what "COULD BE"(Not is as its not proven yet) one of the biggest discoveries in Canadian Gold Mining history.     I think shareholders are tired of this back and forth business with analysts and the BCSC that in effect they have helped to put BGM for sale at a heavily discounted cost.

Lastly keep in mind if this company gets a buyout offer say for $3 that would help to substantiate that BGM does have what they say and that its meerly a matter of providing the data needed to satisfy the BCSC.  

So to summarize..... As a shareholder or if you were a shareholder would you tender or would you wait for the stock to go back to trading and try to get a better price?

 

Bullboard Posts