OTCQX:BGMZF - Post by User
Comment by
halcroon Jul 04, 2015 11:46am
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Post# 23891787
RE:RE:RE:RE:Sedi says
RE:RE:RE:RE:Sedi saysIMO, the participation by the insiders shows commitment by the three individuals who've reported the acquisition of 1.5 million flow-through shares so far.
However, the disinterest shown by other investors is not encouraging, as that proposed PP of 9,375,000 flow-through shares only sold 6.25 million shares (66.66 per cent).
Deduct the so-far reported insider participation of 1.5 million shares and the retail participation drops to 4.75 million shares (about 51 per cent).
While flow-through shares have a substantial tax-relief component built in, that $480,000 investment (plus Sprott's flow-through participation) is quite a show of faith.
Interesting times ahead, as it's likely that much more money will be required to carry this forward.
Mergers, acquisitions...who knows??