RE:New BGM Homepage: NEW TEAM. NEW FOCUSIts a pity that the new team has zero dollars available to do any of the exploration and development.
Perhaps a $10M private placement at 20 cents a share is the right thing to do.
Still the gold loan folks and service suppliers will no doubt want their monies as well so better make that a $25M private placement at 12 cents a share. Given the market cap is current about what $35M, raising another $25M would probably be had to do at 12 cents.
I know, how about Sprott takes over the company via bankrupcy (company is currently well over the bankrupcy boarder given that current assets << current and long term liabilities AND the fact that the test mining at BL is finished (without any announcments of further test mining). So Sprott could grow a nice little junior into the next gold boom without the baggage of current shareholders -- ok, sure current shareholders might end up with 5% of the reorganized company.
So, Sgt Shutzy, you need to update your upbeat message to also anticipate the dumping of the final bit of baggage holding BGM back.... the current trading symbol and the current shareholders. Loss those and yes, there will be a fine Canadian gold junior ::)
Do you agree?
Flintstone60 wrote:Barkerville Gold
ARMED WITH NEW LEADERSHIP, BGM IS FOCUSED ON FINDING AND MINING HIGH-GRADE GOLD DEPOSITS ACROSS THE BREADTH OF BRITISH COLUMBIA'S CARIBOO MINING DISTRICT, ONE OF THE MOST CELEBRATED AND PROSPECTIVE GOLD DISTRICTS IN CANADA.