RE: Alberta Canada Spot On Dindy I think the point BMK were making is a valid one, I certainley don't have all of the answers but it seems to me that right now with the way things are I can see how being in this arena is very difficult. Just to break things down a little and make them a little more simple if you were trying to find a prize that was located behind a door, a door being one of 20 doors. Lets assume for a minute in order to get access to these doors it required to to go through an obstacle course that took 5 days to get there. Now if your unfortunate enough that your first 19 tries were the wrong ones and finally got the right one on your 20th time you have used up 100 days . Now if you had the resources right from the getgo and were able to send out 20 differant people on there way at the same time you would have found it in 5 days.
I think the point he was trying to make is if the industry as a whole was at a place right now where it was a bit more in flavour to invest in these juniors with the proper amount of capital maybe things would be moving along at a better pace. I really think the whole system has got most brokers scared to death to even mention a junior to one of their clients for fear of compliance issues thus drying up a lot of the capital that might have gone to these types of investmnets. Yes its true they are not for everybody but the pendulum has now swang to far the other way. I also agree about his point with regards to short selling on stocks under a $1.00. I think it has become far to easy for these people to kill any type of momentum that a junior may be having only to cause some doubt in peoples minds for no just reason.
I realize that one can say that if you got the goods that things will eventually work out but it does take capital for companys to prove up their resources and in most cases the first drill bit does not always hit the sweet spot the first time. For what its worth I think BMK has done a pretty good job of narrowing in on there target judging by all of the data they have released thus far but just have been unlucky in hitting the area where it will once and for all prove they have a valuable resource.
Lets hope this next round will prove that what they have been looking for is in fact there!