OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Aug 06, 2013 2:47pm
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Post# 21652144
RE:RE:RE:Speaking to 10 people
RE:RE:RE:Speaking to 10 peopleROLLER, is this board not part of a public forum? Is this board not open to potential investors? I have made statemnts before that I would consider an investment here if I saw the right statagy for an investment. I will continue to watch for that right point to invest. I think it may happen when much of current mangemrnt is replaced, or if this thing goes into a weird takeover. I love the land holding! I just don't think the current management is in place to bring forth the fruit it might bear.
Honestly, how many properties are you aware of that have over $100,000,000 spent and only 1M oz resource. (yes... I am only counting the Indicated... )
I gather you think it is just fine to expound on a resource that in many peoples view has issues. my comments are based on the documents I have read, my understanding from the information provided as to what CM may be. All just my opinion.
To this day, I have yet to read a single newsletter that wasn't paid by BGM for the coverage (Yes the longwave arte paid promoters) as to the validity to the upside. I have not read Casey, Raulston, James, Cook, etc. jump on this as a posive story? Why is that? Where is all the non-paid for coverage?
Why hasn't BGM been able to get this thing trading? Why can't they pay the bills? How are they going to pay them? How many leins will incumber the project? How will Frank get his $ back?
If they get a bridge loan, do you think who ever does this is going to provide decent terms? I suugest you look into companies that provide large loans for projects like this and look at the success ration of the people borrowing vs the company that loans. Th emajority of these deals land the project in the hands of the Vulture who put up the $. The shareholders are left with nothing. It is the name of the game when it come to risk vs reward and the guy loaning $ always has the upper hand...
Look into a company called waterton global resource and see how many bridge loans they have succesfully executed.. for them, that means taking posession of the project due to default. Many here like that Sprott is invested... look at how and why sprott has become what it is...
Best of luck!