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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
Comment by yaponskion Jul 18, 2013 1:25pm
76 Views
Post# 21616039

RE:Nobody else

RE:Nobody elsecabsav,
As days slip by without lifting of trading suspension, probability of never trading again increase. Still very low probability of never trading again, maybe something like 1 in 50 or 1 in 100 but definitely a possibility. Fact that company has not been able to provide update on progress towards lifting of trading suspension significant problems... like maybe raising capital to show $100K of unallocated funds, net of current liabilities.

I believe odds of private placement in region of 5 cents per unit (each unit comes with full warrant at 10 cents good for 5 years) is what it will take to it trading again.  But wait, Rex's boys were offering PP at $1.00.... looks like good deal if it is still on table....  maybe company will supply news release...

I wonder if Rex and company are sad BGM didn't take them up on offer of $1 financing.  Interesting days ahead.
Bullboard Posts