OTCQX:BGMZF - Post by User
Comment by
RedHorizonon Jan 10, 2013 3:21am
234 Views
Post# 20818837
RE: RE: RE: RE: Rex Harbour
RE: RE: RE: RE: Rex Harbour GoldExecute:
Let us review this comment of yours:
"the only reason I see Harbour group making this offer is to try and stem a blood flow when the numbers come back. Let people think he is willing to pay a buck, but in the background start selling his 7.1M shares. There are so many depressed assets on the market right now, I can see tons of better places to invest $50M"
This statement is so lacking in credibility that I am compelled to believe that you think everyone is dumber than you are. Certainly no one believes this statement of yours, not even you. Even if BGM has merely 3 million ounces, which some posters have recently forecast, the stock is worth much more than $1. If BGM is taken over for the same value per ounce as Galway, $200 per ounce for HIGH GRADE open pittable ounces, we get a market cap of $600 million. That's more than $4 per share. I certainly do believe Rex would buy shares at $1 for the purpose of selling them at $4.
Good luck to everyone who actually owns BGM.