RE:RE:RE:BGM Article Currently on SH Homepagehammer161 wrote:
...this was shamelessly played such that lots lost their shirts. Here in Vancouver Barkerville has long been viewed as a company that gives a black eye to the junior exploration/mining sector. DD is also absolutely right that the penalties to FC and PG are slaps on the wrist. Jim Yin, the QP at the time, seems to have evaded any penalties at all as have all of the other directors, all of whom should have stopped the offending resource to have been released in the first place.
Absolutely true, Hammer. All of the directors should have been sanctioned by the BCSC. Myles Anderson has suffered financially (he converted 250,000 50-cent options on Aug., 2013, and they've underwater ever since). While consultant/director Gordon's no-longer-extant egregious postings and re-postings on his LongWave website have been overlooked so far by the BCSC and he and Janice Advent's almost-four-million BGM shares are underwater, he has been compensated to the tune of almost $500,000 by way of finder's fees.
hammer161 wrote:
The thing is that this does not seem to have stopped. The article by Bennett last week included statements from current management about as of yet undefined "ore bodies" and potential production levels that are not backed up by anything other than internal company work or opinions. Anything published by an analyst should be vetted by the company so if they allowed this to be released they must have beenn OK with it. To me those statements were misleading.
Agreed wholeheartedly. However, BIV and Nelson Bennett are not exactly a go-to site for in-depth resource advice and, as you state, " Here in Vancouver Barkerville has long been viewed as a company that gives a black eye to the junior exploration/mining sector", so most who read the article would have shaken their heads (yet again) in disbelief.
I have been amazed at the supposedly savvy ex-directors and market movers who threw their money into this over the years (Chan Buckland of Bolder via GCC, Sheldon Inwentash of Pinetree via GCC and Eric Sprott via BGM and GCC), and history seems to be repeating itself as shown by the Sedi filings of the new board/management.
However, the Sedi filings of some of the new board/management do show huge losses on the recent SGR bankruptcy.