OTCQX:BGMZF - Post by User
Comment by
yaponskion Mar 13, 2014 6:41pm
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Post# 22320437
RE:BOTTOM LINE
RE:BOTTOM LINEthe BBoS wrote:
GOLD is $1508 per ounce cdn
11.5M has been raised to repair the company's balance sheet (10M cash /1.5M debt for shares)
COMPANY has commenced production
the bashers can try and poke holes and paint a negative picture but at least 50% of the float is in strong hands and eevryone can see thru your BS> , short term "noise" aside BGM is trading 8% higher than the recent bought deal and once arb trading is done this thing is headed up ....
QR ounces plus BL high grade open pit ounces should equal close to 55,000 oz on a permit alteration......., plus FC has spoken on record at the european conference that Snowden initial estimate WAS 10M plus oz for Cow mnt. , and much of the open pit was restricted at depth by th eBCSC ........
ps: 55,000 oz $1508- 850 = $658 per ounce margin = 36.1M coming soon......
So big, what is it to be for the 2014 full year financials (no spin, just a clear trackable set of choices):
- BGM 2014 full year shows a small bottom line net profit.
- BGM 2014 full year shows a small bottom line net loss.
- BGM 2014 full year shows a large bottom line net loss.
- BGM goes under court controlled restructuring before full year 2014 financials are ready.
Are you picking door #1 or door #2? Either one would be an amazing achievement IMO. And if you want a door #0, huge bottom line net profit, then why I'd be happy to add that to the mix.
Me, if you ask, why I am going with door #4. I don't see who the company has enough financing options to meet its delivery commitments. A restructuing is inevitable, ala CSI.TO who are now most owned by Sandstorm while the original investors are left with a mere 1.7% of the restructed company.
If you have an opinion, please weigh in!! I will track it. So far, there is only me, picking door #4.
Anyone with an opinion