OTCQX:BGMZF - Post by User
Post by
halcroon Feb 11, 2016 12:25pm
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Post# 24548334
It's only money
It's only moneyWhat, me worry???????
While it's nice to have a rich (well, likely not so rich as in 2012) uncle close by, it's even nicer to have a friendly, new, newly cashed-up friend to rely on should there be a new need for additional cash.
Osisko is all moneyed up, with the possibility of over $222 million before commissions in fresh money coming into its coffers.
No matter that BGM isn't mining and milling. Surely that minor issue won't hinder BgM's access to more cash should new funds be required?
Meanwhile...why isn't the Financial Times and Goldman Sachs as giddy about gold as BGM's bullboard regulars?
"...While there are currently few signs of inflation with oil prices trading at $30 a barrel, stronger US economic growth could result in a recovery of US inflation expectations, Goldman Sachs said this week.
The bank forecast that the Fed would raise rates by 25 basis points three times this year, to 1.3 per cent. A corresponding rise in US real interest rates could drive gold prices down to about $1,000, it said.
Gold prices are still down 34 per cent since hitting a peak of more than $1,800 a troy ounce in 2011."
https://www.ft.com/cms/s/0/701676ea-cffc-11e5-92a1-c5e23ef99c77.html#axzz3zschwOCR
2016-02-08 16:50 OR 15.78 News Release Osisko arranges $150.09-million bought-deal financing