RE:Buyout at $1.50??bigbab wrote: A sudden creep to .75 and a bid for $1.50 ??
163m / 109 m shares
163m / 10-15 m oz property for the next two decades...
$13-16 per oz ??
Quite a STEAL for any acquirer , and unfortunately possible
Quite the imagination there bigbab. Excellent glass have full fantacy. And who knows, could happen if Sprott is right about $2,000 gold in 2014.... but Sprott owes the market a bit of regression to the mean so, ah, might not happen, eh....
Of course there is the alternate reality... private placement at 5 cents a share with warrants at 10 cents, 10 to 1 share roll back....
Oh, I'm sorry, that alternate reality has played out before hasn't it (the 10 to share roll back bit)?
So, maybe lightning doesn't strike the same company twice and that alternate reality can't happen? Oh, no wrong again, BGM has has several rollbacks (and name changes) so in the market lightning loves to strike over and over and over.... having fun yet... :)