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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by yaponskion Nov 18, 2013 1:36pm
106 Views
Post# 21916416

RE:RE:RE:Sprott owns 7.8M shares & 9M warrants

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.
Bullboard Posts