Banks Island Gold Ltd BKSLF

RE:What now?

[bxju]

I have no knowledge of Canadian bankruptcy laws, but in States companies can file for various types of  bankruptcy protection and forstall creditors.  There have been many US companies to recover after being broke.  BOZ's debt is not overwhelming, the plant and the property has value, It is a turn key package but obviously Mgt has done a pizz poor job.  Imho opinioon, they should have never bought Red Mountain, they should not have shut down the plant and totally rebuilt it when they were making $ prior to that, they should never have had one of the execs do a video interview maybe a year ago and mention paying a DIVIDEND relatively soon.

And anyone who follows Casey Research should reconsider based on their many BEST BUY recommendations on BOZ that included at least 2 site visits.