RE:RE:Insiders do not share rockounds negativity!Terrebonne;
I spoke to Shawn last week and the PP will be completed as soon as there is a buy in from any of the interested parties. They are trying to get a major investor who adds credibity to the project.
I understand where the company is coming from. Most PP's are dilutive and the share price suffers accordingly. BG is trying to get a PP that is accretive to the share price. FCX, Newmont, and Newcrest are all profitably mining elephant-sized deposits in the ring-of-fire where BG's project is located. The rim -of-fire has been one of the most lucrative mining area on earthfor the last 50 years. So if BG has the next elephant-sized discovery, how are investors likely to react? Tears like MiwahBarisan or celebration for the next Batu Hijau or Grasberg? At current prices the upside seems considerably more than previous highs, while the downside, close to 3-year lows, and before the recent high-gade drill results.....