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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

Pacific Booker Minerals Inc. is a Canadian natural resource exploration company. The Company’s principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is in the advanced stage of exploration of the Morrison deposit, a porphyry copper/gold/molybdenum ore body, located approximately 35 kilometers (km) north of Granisle, BC and situated within the Babine Lake Porphyry Copper Belt. It has a 100% interest in certain mineral claims located contiguous to the Morrison claims. The Company is proposing an open-pit mining and milling operation for the production of copper/gold/silver concentrate and molybdenum concentrate. It is located within 29 km of two former producing copper mines, Bell and Granisle. The Company is in the design stage of the exploration and evaluation of the Morrison property.


TSXV:BKM - Post by User

Bullboard Posts
Comment by travelinbankeron Oct 21, 2015 1:44am
389 Views
Post# 24211523

RE:Travlinbanker watch what you accuse people of

RE:Travlinbanker watch what you accuse people ofIf everyone recalls my post prior to the Minister's decision, I commended JP of selling 100,000 shares at $5.00 & warrants at $6. And, I told everyone the timing was correct as we would never get that if there was a negative decision. Salmon, were you part of that buying group. Whether you were or not, I don't understand why the deal wasn't finalized prior to the Minister's decision. If you were involved with that, I do have a big problem. 

As the deal was never finalized, I understand the repricing of shares. Here's my issue, the announcement was on Sept 21. The consultants were announced on Sept 30. BKM sold at a range of $2.01-2.50 between Sept 9 through Spt 30. And, the $2.01 was only for 1 day on Sept 18. It was the end of Aug that shares were in the $1.40-1.50 range. So, when were you offered the shares & warrents because I never got word on it. If the deal was committed to After Sept 9, then they weren't priced right. But, I still have to ask, were you informed of the consultants coming aboard prior to doing your deal? I ask because I have gotten word that a number of shareholders were told about the consultants prior to the press release regarding your purchase.

I understand the company needed funds to keep the doors open and pay JP & Erik their 6 figure salary. My issue is the private conversations by mgt and people possibly trading off of it. Not what I would call a level playing field. I don't look for problems. Mgt does a good enough job on that on their own.
Bullboard Posts