Barkerville Gold Mns Ltd BGMZF

Metals & Mining Industrial Metals & Minerals

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.

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Barkerville Gold Mns Ltd

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Comment by halcroon Feb 10, 2015 4:25pm

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Post# 23415668

RE:RE:RE:RE:RE:Frank Callaghan

Sedi shows that between the reporting dates of 2003 and 2015, James Callaghan and his various entities sold 23,651,177 BGM shares.

borisY wrote: I'd love to see a forensic accounting of the financials available in Sedar under BGM (starts in 1997) to see what $$s flowed from BGM accounts to accounts controlled by company insiders.

For example:
- direct $$s paid to insiders for salaries.
- fees paid for services or rents provided by companies controlled by insiders

Then compare the $$s flowing to insiders as a percentage of the current total BGM deficit.

Any bets on what that percentage might be? In the spirit of transparency and since the information is most all there in Sedar already, FC should pony up his portion for all to see.

Just a crazy suggestion that might be a bit of fun.

halcro wrote:

hammer161 wrote:
Quite remarkable that he put together such a large ground position in this area- if it is so good where was the competition? Plenty of chances over the years for other companies to get involved but they didn't - ask yourself why. Sure FC was involved for a long time - who wouldn't when he could keep on mining the pockets of his shareholders? Halcro, I think you once calculated what a shareholder would have left if he invested $0K near the beginning before the rollbacks - a few hundred bucks?

An initial investment of $10,000 in 1992 would now be worth $1.50 (5 shares at 33 cents).

Carpenter Lake (CTA) became Wayside Gold (WAY) in 1992, and rolled back its shares on a one-for-four basis. Ten thousand shares became 2,500 shiny, new shares.

Wayside Gold Mines (WAY) became International Wayside (IWG) in 1994 and rolled its shares back on a one-for-3.7 basis. Those 2,500 shiny, new shares now became 675 tiny, shiny, new shares.

In 2005, the shares were rolled back on a one-for-10 basis. Those 675 tiny, shiny, new shares now became 65 weeny, tiny, shiny, new shares.

In 2009, the shares were again rolled back on a one-for-10 basis. Those 65 weeny, tiny, shiny, new shares now became 5 teeny, weeny, tiny, shiny, new shares.