RE:RE:RE:RE:RE:RE:RE:RE:About Frank's resignationWell, when I came onto this board (after that fookin' ludicrous Peter George flight of fancy was released by the then Board of Directors, I (along with many others who really know mining and the markets) was insulted and denigrated by the rahrah crowd... many of whom vanished after the SH purging of multiple log-in names.
The retards should have known that their stupidities wouldn't carry any weight nor would it scare intelligence off; however, with their livelihood likely dependent upon their bullboard posts, they kept it up.
I personally found that PG-attributed news release and everyone involved with the release to be repugnant and, if it's at all possible, I hope that the BCSC removes them from the markets for ever.
The German investing public have been gutted and skinned by Vancouver-based promoters for decades. Andreas Becker of German Mining Networks pumped BGM in the most shameful, egregious way. Flintstone pumped BGM in the most shameful, egregious way.
And, IMO, BGM bagholders, over the last two decades, have been gutted and skinned in the most shameful and egregious way.
IMO, no matter what's in the ground at Barkerville, present shareholders won't see any of it, as there's nothing in the kitty to move BGM beyond the BL (which anyone who can read financials can see is, was and will be a bust).
CM may have something, but it's so far in the future and so far out of the money (which isn't in the kitty), that it'll take $50 million in fresh financing to make it interesting.
Sprott likely isn't interested in bailing out present shareholders, just as present shareholders aren't interested in bailing Sprott out.
Sprott will, in all likelihood, collect on his security (which does include LG, GCC, J Frank and Standard BGM shareholdings) and run it for a while as debtor-in-possession as the winding down takes place, mothball the operating mill and mines, and then put the assets into another company and go about building a mining company. Unfortunately, that'll leave nothing for present bagholders.
However, present bagholders will have the opportunity to buy shares in the new and maybe viable company-to-be.
At the moment, the daily trading looks like a bit of momo to make a bit of money for daytraders. Nothing for the bagholders (and BigBagO, who bailed at 30, is likely in there trading his whizway out).
misterbill1 wrote: Halcro, I'll meet you somewhere in the middle. Yes, [some] truth sayers are keeping it real, and the BS'ers need to be called out. But isn't there room for expression without falling into one or the other?
Again, who knows what lurks behind our alias, readers beware.
But there have been too many posters getting slammed for their POV, keeping them off the forum and feeding into the basher/pumper war mongering.
I'm sick of it.