BCSC Response & Lack of Info From BGM... Well, at first I thought what's going on here, the BCSC is telling us to call BGM if we want information regarding the BCSC concerns of the report, and yet another response by the BCSC says that BGM cannot comment on material contained in the draft 43-101 until it is compliant.
So, what exactly can BGM tell shareholders regarding the report? Seems absolutely nothing except that there are 3 independent firms working on the report and it still has not been accepted by the BCSC as compliant.
At first I thought BGM would be allowed to discuss resource numbers as they were when we were trading and prior to filing the now unaccepted report on Sedar, but that simply isn`t the case, and I now realize that we won`t know the numbers until they are accepted by the BCSC.
This IMO, is a positive, and shows that with 3 independent firms working on the report, it will eventually be accepted by the BCSC. Don`t know when, but BGM will have a compliant report, and hopefully the numbers will be decent.
Seeing the time taken for the last response to BCSC concerns, I wouldn't expect anything until the end of this month or early June. JMO
FWIW, I got the same response from the BCSC as CWells. atb
Thank you for contacting the British Columbia Securities Commission (BCSC).
A cease trade does not prohibit a company from communicating with their shareholders; however,Barkerville Gold Mines Ltd. (Barkerville) is not permitted to disclose any technical information to shareholders that is not compliant with National Instrument 43-101. As such, until the technical report is filed in good order, Barkerville is not permitted to discuss the information contained within the report with shareholders.
If you need further assistance, please contact us again.
British Columbia Securities Commission
PO Box 10142, Pacific Centre
701 West Georgia Street
Vancouver, BC V7Y 1L2
Inquiries@bcsc.bc.ca
604 899-6500 - Main switchboard
604 899-6854 - Inquiries or complaints
1 800 373-6393 - Toll free in Canada
604 899-6506 - Fax