OTCQX:BGMZF - Post by User
Post by
Newfie75on Mar 01, 2014 10:46am
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Post# 22267984
Cash Flow Now
Cash Flow Now
Not sure why people are angry at the PP details. 0.50 seems low but it's realisitic given BGM's volatility ans track record. My guess is the cash is needed to pay salaries with so many new hires and operations, inclubing lab analysis. Production has to be the end goal at this stage or why ever make a deal with Sprott? BGM fumbles around too much but if they make it to production a lot of problems go away. Production will happen this year and the PP doesn't dilute BGM shareholders significantly if you believe production will occur and that the gold in PG's original report is correct. I think BGM management makes a lot of mistakes and public relations with shareholders is terrrible. I do want to see production in the next couple months and no more issues with cash flow going forward. THis is my last delay with regard to poroduction before I exit. 2014 is the must or bust year in my opinion!