OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon May 08, 2014 7:59pm
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Post# 22541530
RE:RE:RE:Still trying to figure out.....
RE:RE:RE:Still trying to figure out.....Roller, Watching this company do the things it do is why I am here. This is not the first company I have seen bet the farm. I have seen 4 that I can think of in the last couple of years bet that tthey could pull a hail mary to only loose the whole enchilada or the major asset. Waterton Securities does this quite often.
I would think that ES put those terms in the contract to protect his investment. He is known to be savy, why wouldn't he call on BGM? It is just biz, and sometimes it can be painful for those on the wrong end.
I do believe that Frank wants this to work, that he does believe in his asset. But he is being struck by many things even beyond his own bad decissions. Gold assets are trading at probably historic lows, only very past succesful companies are able to raise $ on decent terms. The majors are not investing in Juniors like they used to. It is tough climate to be in, and now it would appear BGM will really need a hail mary to make payment. These are just my observations, and it isn't bashing on BGM.... I just see it as tough to make the requirements...
I give you and other longs credit for hanging in.... I hope it works! Make for a great story!