RE:RE:RE:RE:Information on cause, potential management issues Dec.07Sasky, you're not even close. My loses are considerably above your entire investment. After relying on a certain board member (that many people have pointed the finger at), I made several purchases of shares. That included a sizable amount in the $8 + area. Since that time, I've tried to average down, still believing this deal had merit for final approval. To my surprise, I discovered most of the info provided to me was less than accurate.
When the re-evaluation process started, I had several conversations with the BC agencies and got positive feedback assuming, if & only if, there is not a not a lot of negative feedback, especially from First Nations. That same board member was confident there would be no negative reports filed. Further, he stated that the First Nations who would be affected by the mine supported the project. Every time I expressed concern to that board member about the amount of opposition, he stated that they were nothing more than disgruntled people that the BC govt would realize were disinterested parties. In fact, he tried to state that some of the main reports were actually positive. REALLY!?
With that, I started communicating with a more credible person at the company. And, I had several conversations about this trying to get them to take action, especially with getting support letters from the First Nations. Although they stated that they tried to meet with the primary chief, they never did. And, tell me even one even one report that was really positive (from anyone). BKM was totally blindsided.
You have no idea how taken back those govt. agencies were by the vast amount of opposition. If BKM had proactively prepared for any opposition, maybe there wouldn't have been a further delay to address some of those issues. Just imagine what might have happened if potential issues had been addressed after the court ruling and there had been no delays in the schedule. Remember, there was only 1 week left before the decision was to be made. So, I understand the frustration of those disgruntled shareholders and I imagine this is a major part of their investment portfolio. With that said, I appreciate all the pertinent info continually provided by Uptowndog. Everything is political now. Whatever happens with Imperial is going to affect the outcome of BKM. I just hope that they'll get up off their chairs & find a way to get support from the First Nations.
Finally, I understand that all investments entail risk and some go south. However, I take issue when a key board member distorts the facts to hype the interest in the shares. So, Uptowndog, keep those reports coming.