GREY:BFDRF - Post by User
Comment by
warrenbluffiton Jul 19, 2017 12:42pm
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Post# 26486216
RE:A long time since I posted….
RE:A long time since I posted….
400,000 metre drill program, 24 rigs going, permitting under way and mine construction in 2019, there is no turning back for OSK here, they are all in, and if they want to admit it or not they need BFD’s Windfall land not only for what is under (which based on OSK results and BTR results is getting more and more likely to be a very significant portion of the deposits) but for logistics as well.
It is a shame that we didn’t have stronger retailer investors to stand strong under the market pressure and that OSK seems to have taken full control here without BFD management using their support and knowledge to our main benefit first, but instead to run their program as per they instruct us to. 1 drill, really?
I agree with almost everything you said J103, but 25% premium is far from the right number here. As you pointed out besides Windfall, we have other valuable pieces of land.
I think the clock is ticking and they might be pressure again (if you call 100,000 shares volume pressure), however if you clear all the smoke here the picture is very clear, BFD has a unique portfolio, it is well capitalized and we can stand strong together with the original ownership group to get the “fair” share of what our asset is worth.
Even at the “right” price we are a rounding error on Osisko’s big picture.
Can't wait for the negative comments back!! :)