Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:RE:RE:RE:Will the company issue a news release

[halcro]

Comments from various executives, geologists, writers, analysts and investors, all of whom I could name, but shall not, for their sake and the sake of their e-mail inboxes, cut to the bone. Most reference Mr. Sprott, whose loan involves delivery of gold or that cash equivalent at various stages.

Says one: "What no one seems to get is that Barkerville is going to be spending Sprott’s money to produce gold to give to Sprott, at best a zero-sum game, leaving them still with the same pile of debt, and at worst, they won’t be able to meet production quotas and Sprott gets the property. If Sprott seriously wanted this to succeed, they would have put someone on the board and insisted on a few management changes."

Your friendly,

Thom Calandra

halcro wrote:

halcro wrote: And (tsk, tsk), as of May 31, 2015, there’s the minor mining matter of the Sprott payments due on May 31, 2015 (the cash equivalent of 8,335 ounces of gold). IMO, I doubt that BGM will be able to mine and mill 8,335 TROY ounces of gold by May 31, 2015.

And, as of today, that 8,335 TROY ounces of gold, at $1,530 Canadian, would cost the company $12,752,550...which is up a considerable bit from the gold loan liability of $12,064,258 shown on the November 30, 2014, financials, especially after the company issued Sprott with $934,662 in shares to cover default interest to the first week of February.

Another anomaly.