OTCQX:BGMZF - Post by User
Post by
GoldExecuteon Apr 10, 2014 1:26pm
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Post# 22435882
Depletion
Depletion The fact of the matter is, as they mine and produce gold, pay bills (back owed contractors, consultants and Mr. Sprott) they will no longer have the asset that was assigned value rleative to the share price. What are the actual numbers like when you use the last finacials and look at the dept to those mentioned?
I myself think it is one reason that BGM in the past never tried to mine BL.... Now, due to market conditons, the financial position of the company... they have no choice. It is a matter of survival. I know that some of the $ will go exploration, but at some point, another huge financing will need to be done. The asset of BL will not be part of the share price as it will have gone to paying existing debt. Just why I see that the share price is not moving!