OTCQX:BGMZF - Post by User
Comment by
yaponskion Feb 28, 2014 2:42pm
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Post# 22265729
RE:Who was that fool???????????
RE:Who was that fool???????????
halcro wrote: Not the run-of-the-mill-fool, but the one-of-a-kind fool who suggested yesterday that the stock would run to $1.34, would stay there for for 10 consecutive trading days, and Sprott would be forced to pony up $5 million?
This really is the Bullboard for Dummies!!! Thinking that Sprott would pay $1.34 for shares when there's a PP in the works at 50 cents!!!
Too true. Bullboard for Dummies!!!
But I see that BGM still has some juice left to think it can go for $10M at 50 cents a share. Impressive, if I say so myself.
Still what can you do with $10M in mining these days? Pay your staff sure. Pay for a Feasibility Study... doubt that... talking something closer to $30M for that. And ramp a mine on a property with 5M oz of Inferred + Indicated? Please try something north of $100M and then we'd be talking... but raising a $100M plus say $20M to clean the current balance sheet could maybe be done at 5 cents, maybe less to be followed by 20 to 1 share roll back.
JMHO...