RE:RE:RE:RE:BGM Article Currently on SH Homepagehalcro wrote: 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 and the SGR creditor listing of some of the new board/management do show huge losses on the recent SGR bankruptcy.
As Derrick Penner wrote in the Vancouver Sun today (and BGM is really a grassroots project, with a shuttered mine, two shuttered mills and drilling underway to retest old drilling and to employ new drilling to see what's under the ground):
Venture capital almost non-existent for grassroots projects
By Derrick Penner, Vancouver Sun
January 22, 2016
"...Terry Salman, founder and CEO of Vancouver-based Salman Partners, said it is deep-pocketed shareholders who are the ones keeping many companies going.
(The money) is coming from existing shareholders and management, said Salman, whose own firm is turning out to be, in part, a victim of the downturn. In December, Salman Partners announced that it will be winding up operations Feb. 16.
My own gut feeling tells me were somewhere near the bottom (of the downturn), Salman said. But it will still be tough for some period after that.
Thats not to say there is no money for developing more advanced mineral discoveries or building mines. Pretium Resources was the success story of last summer,
raising US$540 million to put its Brucejack underground mine project into construction with a scheduled start of production in 2017.
Read more: https://www.vancouversun.com/business/Economic+downturn+hits+mining+exploration+hard/11670979/story.html#ixzz3y7G6qb1F