OTCQX:BGMZF - Post by User
Post by
yaponskion Sep 05, 2013 2:45pm
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Post# 21720838
2guys and bigbab
2guys and bigbab2guys,
I believe bigbab is saying the same thing about managmenet and its impact on the company -- in a recent spreadsheet valuation of BGM, bigbab showed a much higher valuation for the company after a management change.
I would have to agree with both you on bigbab. For BGM to realise any of its potential potential a new management team is a must.
IMO the best option would be a take over bid by a small player with strong can do management skills. The biggest issue I see for realizing the potential is still T'Silhoqt'in... same rain force, same tribes, same issues with large scale open pit mining. So the way to over come risk is through cheaper pricing.
BGM management should have jumped at the Rexx et al financing offer at $1. The smoke blowers were very much against it but in hindsight it was a very generous offer that probably would have led to managment changes.
Still, it is what it is. I am still very curious as to how this ultimately plays out. I am leaning toward Cabsav's view that nothing is likely to happen this year because I am also doubtful that gold will recover much from here... more likely to still retest lows... ugly mess IMO.