Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 GoldExecuteon Dec 04, 2013 12:52am
184 Views
Post# 21966977

RE:RE:Buy in @ ???

RE:RE:Buy in @ ???Boss, How about the fact that as of the financials posted in August they owed over $12,000,000 to people like PG, Snowden, Consultants, FC drill company, Apex, Electricity, Contract mining companies and the list goes on.  The first $12M of the $15M had to go to pay for those items.  Based on those finacials, they were burning over $1,000,000 per month.  That would put them out of cash by November.  How do you start a mill with no Money.  Maybe I don't understand how this works, but didn't they also have to pay the FC loan back too.

OK, so maybe BGM can go without paying FC drill company ... that may leave a little cash... but how do you start a mill if you have paid all your debts.  Lets not forget that they had to pay for filings, trip to Europe, Calgary, etc.     If they don't pay the contract miners, they will not continue to mine for free.  

If I misunderstood how much they owed, please clarify.


Bullboard Posts