RE:RE:RE:RE:remember 2guys?yaponski wrote:
Boss,
You are taking some liberties with what I said.
IMO the only ray of hope for the company, based on the observable data, is
- hope for a Sprottian like pop in the price of gold to $2,400 per ounce.
- do NOT do any any production as past financials clearly show that years with production also had the largest net losses (and POG was significantly higher in some of the past years).
JMHO... wait for the gold pop and conserve cash like crazy while waiting....
Ok, perhaps I did misinterpret your intent.
Based on your research, you are reccommending that IN NO WAY should BGM move forward with production in 2014....
and yet BGM says:
"...
Mining of Bonanza Ledge is anticipated to commence in 2014, at which time the relevant reclamation deposits will need to be advanced..." From the [NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS]
So why would BGM put IN WRITING that they intend to enter production in 2014 if it would cause more financial ruin (as per your research)...?
again, BGM says:
"...Bonanza Ledge is now a fully permitted mine
scheduled to go into production in 2014...." [Message from the CEO 23 Dec 2013]
So twice, in writing BGM claims they will go into production.
Why would they make these claims if it will lead to financial hardship (loss)...?
I mean I DONT KNOW...
If your research (sedar etc) is comprehensive and accurate, then is the entire BGM collective willfully planning to execute a money losing venture...?
Or
Is BGM leaving out the caviets of the go-no-go decision on production (such as POG of $XXX) when they NR to the public...?
Or
Your research is short of complete, and production is in fact a reality and potentially profitable in 2014...?
In my opinion, all three scenarios could come with consequences...