OTCQX:BGMZF - Post by User
Comment by
hammer161on Sep 17, 2013 11:58am
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Post# 21745766
RE:RE:RE:Updated Report
RE:RE:RE:Updated ReportBxju
The results of a PEA would have to be considered material and therefore released publically - they couldn't just sit on it.
I would also think that they would announce a new drilling program if they were doing one. As for a drilling company working on credit - perhaps - but probably only if it is Frank's drilling company. No other drilling compnay would ever work on credit.
The danger of the link to the analysis you posted is that those without appropriate understanding may be easily mislead by it - the as of yet unidentified writer was just plain wrong about some things and highly speculative about others while making it appear he knew what he was talking about. As you say all investors should do their onw DD, but IMO it should be done only on compliant reports, press releases, ect. Those analysts who do write re*****ble reports for investors would use only that kind of data as well and do put their name on the reoprts.