Camrova Resources Inc V.CAV.H

RE:Why would Tom be hanging around this long

[mining_pays_my_bills]

Tom's been on the BOD or been president/VP/CEO of a lot of companies. From what I've researched I haven't found any that have gone belly up. Several have been JV or buy-out targets however- Triton Mining (amalgamated with Black Hawk Mining to form a company that is still operational and profitable today), Wright Engineers (bought by giant Fluor-Daniels), and Kilborn Engineering (bought by giant SNC-Lavalin). He's a pretty smart guy i think, and has a track record of success in maximizing shareholder value. I don't know if there'll be a buy out in the future, but I'd doubt if there was insolvency. I really think BAJ shareholders who are buying in at these levels will be rewarded in the future. I guess they have to say it's a "going concern" so long as there's no 'guarantee' that the project will receive additional funding with each successive cost-over run. But, really, who's gonna' walk away from a 1.8B $ project just cause you can't spare a few more million $? KORES was part of the JV that built Ambatovy, a nearly $6B project, so they have deep pockets, and they NEED this mine built and producing according to their website.
Personally (in my opinion) I think this is a great opportunity.