RE:RE:Interesting Sprott's Thought's tonight bxju wrote: Look at the past week of posts on SGR board and you will see a lot of references and similarities to BGM. I am not sure what is going to happen here but would like to get some of this BB's thoughts after reading the SGR board.
Thanks....
Erm...Bre-X...over the last week or so, there are really only three regular posters on the SGR board...and they only post at present on SGR.
Here's the post which got you so excited, LOL:
Tradernick wrote: What I expect to transpire over the next few weeks is as follows -
LSG purchases select assets from BGM. Current SGR forms new SGR with KER and remaining select assets of BGM. Proceeds from asset sale to LSG + sale of "non-core" KER assets currently underway, helps finance amalgamation creating new SGR.
We'll see.....
Now then:
1..what select assets would LSG buy from BGM??? The mothballed mill and tailings pond in Revelstoke? The mill and tailings pond in Quesnel? What would BGM then do with its BL ore once it starts up again? Sell to the Ministry of Highways for gravel? Or ditto for the sale of the BL to LSG. What would the QR then process...or would it just be left on maintenance for ever? LMAO!!
And SGR would become a viable mining conglomerate by acquiring the mothballed mill/tailings pond in Revelstoke? Or the BL which is shut down? Or how about the "on maintenance" QR mill (useless without the BL feed...or, actually, more useless without the BL feed, LOL)?
Of course, none of those can happen without BGM shareholder approval...and the real deal breaker is Sprott...why would he get rid of the collateral for his loan?
Even if ex-CEO/president/director Callaghan were thrown into the mix as a director of LSG, I can't see LSG opting for it.
Better double your dosage of Geritol, Bre-X...you're really losing it.