OTCQX:BGMZF - Post by User
Comment by
hammer161on Apr 07, 2015 4:38pm
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Post# 23605839
RE:RE:RE:RE:RE:RE:RE:RE:AGM Update
RE:RE:RE:RE:RE:RE:RE:RE:AGM Update
Hey Chilly i have an idea - seeing as though you think everyone elses opinion on this update post is BS why dont you offer up your learned opinion instead of doing your usual - calling other people names and contribuing nothing of your own? I really dont expect you to though as you have never done so in the past...
Lets look at a couple of things in this supposed FACTUAL update post you and the other longs and pumpers want everyone else to believe. You know the one - the one with second hand information. Perhaps seeing as though you know so much you will find your balls and actually comment back on each - even though your moniker suggests they are really small.
Direcors warrants issued at $0.89 - I think he means options as warrants are ususally attached to shares in equity offerings. Options are probably what he is talking about. So why are these not issued at a value close to current market price as options always are? Instead of 3 to 4 times market price? Where is the incentive to the directors and management? They have to wait while the rest of shareholders cash out at say 50 to 75 cents before they get a chance to make something for their work?
Largest undeveloped mine? They can believe what they want but it is only speculation until it is proven and they are a long way from that. And in reality this property is already developed and a brownfields property - remember the historical mines?
APPARENTLY there is A LOT of unmined high grade duen to claim boundary "issues" . Very precise and factual terms here. Do you really think that if high grade was known about it would not have been mined up to a claim boundary but just left there?
High grade veins runs for miles at 20 to 40 foot widths. AND IT IS STILL THERE? Are people really so stupid? Try READING the literature - the majority of Barkervill high grade and ounces produced came from NARROW orthogonal veins (big word for you to look up Chilly).
Undeground costs $760/oz? They were not able to do that with the open pit so how will they do it underground?
Two months from now they will have 5 rigs going ? How do they pay for that with no equity issue and mining operatons that may or may not make a profit? Remember the ammended plan high graded and they need to do an expensive pit expansion at BL to mine more. They also have debt repayment. All from mining only with no equity issue? Are you guys really that naive?
Several other APPARENTLY type statements in there too - VERY FACTUAL!!!!
So come on Chilly, lets see YOUR opinions on these issues and then we can judge you. Got the balls?