RE:RE:RE:Sprott owns 7.8M shares & 9M warrants
#2...why would anyone take down paper at 60 cents in a company labouring under horrendors debt, with a history of rollbacks, with a seeming inability to produce gold and a distressing ability to produce at a price higher than the selling price of gold AND AT A STRIKE PRICE HIGHER THAN THE MARKET PRICE OF THE SHARES?
Halcro,
The answer to your #2 is easy. New investors will flock to BGM if
#A Said investors read a copy of the BBoS news blast and review the accompanying spreadsheet and see the logic of rising production at falling per ounce all in costs.
#B We get back to a rising gold market
The wild card in all this is of course the impact CETA will have on BGM's ability to market and raise money in the Euro Zone. I am still waiting on a report from Mr. Fred Flinestone, a famous German miner, on just how receptive the Euro zone is likely to be a BBoS news blast.
But show stopper is the falling price of gold, or at least the not rising price of gold... We might have to wait until China/Asia drains all of the gold ounces from various gold ETFs and the LBMA before there is appreciable upward momentum in the price of gold. I can't believe just how long the price of gold continues to fall in precent economic circumstances... but it is and what it is.