OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Jul 03, 2013 11:32pm
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Post# 21588136
RE:Close on 1st Friday After Trading Resumes
RE:Close on 1st Friday After Trading ResumesIf this trades within the next 2 months, I say $ 0.22 based in part in the current market and the debt issue that will have to be addressed. FC and the issues he has created for this company will also weigh heavily on the price. I think there will also be some major sanctions that could also hurt the price. The deposit and the land play are quite decent, but something fundamentally will need to change to get this thing out of sinking mode and into a ship starting to plane. The deposit at the end of the day is not all that matters. I can only imagine where this would have been with a good group of explorers at the helm. $100,000,000 into a 1M oz indicated resource is not exactly something that gets institutional investors on board. All just my opinion...