OTCQX:BGMZF - Post by User
Comment by
halcroon Feb 01, 2016 4:15pm
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Post# 24513843
RE:Safe Havens...
RE:Safe Havens...Rollercoasterblues wrote: GOLD and BGM
ROTFL. J Frank's GCC and LG are dumping BGM. That should suggest something, hey what?
halcro wrote: CIBC has been busily beavering away on the sell side since July, 2015
In October, 2015, CIBC sold 374,200 BGM shares for a total of $93,962 before commissions
In November, 2015, CIBC sold 1,115,290 BGM shares for a total of $263,950 before commissions
In December, 2015, CIBC sold 1,621,000 BGM shares for a total of $374,410 before commissions
In January, 2016, CIBC sold 1,271,403 BGM shares for a total of $311,076 before commissions
Four month total for CIBC? That's 4,381,893 shares and $1,043,398.
halcro wrote: Hmmmm. GCC and LG sold 323,000 shares for $79,288, for an average of 24.5 cents. GCC and LG (now Starr Peak) still held 1,661,893 and 912,133 BGM shares as of the date of their last financials.
Add those 2,574,026 shares to the 6,800,778 shown on the 2013 MIS as belonging to J Frank et al and that's 9,374,804 shares.
At 24.5 cents, that's $2,296,827. Lot's of Gold in them there hills after all!!!
They'd have fun, fun, fun,
Iffen daddy sold all the paper today
halcro wrote: GCC's financials are out.
During the year ended September 30, 2015, the Company sold 195,500 (2014 Nil) common shares of Barkerville for net proceeds of $48,531. Lions Gate Energy (Now Starr Peak) also sold 127,500 shares of BGM for $30,757.
That's at 24.8 cents and 24.1 per share. Bit of a low blow, boys?
If these companies of J Frank are bailing, wonder what Standard and J Frank (who are no longer reporting insiders as of July, 2014) are doing with the 6,800,778 BGM shares shown on the Dec. 23, 2013, management information circular?
CONTINGENCY
January 28, 2016
The Company (GCC) has been named in a writ to a group of companies and individuals from a self-represented plaintiff claiming unspecified damages. The Company has not yet been served with the writ