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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Post by Bywrongon Nov 17, 2017 1:59pm
178 Views
Post# 26985563

Investing Thesis......

Investing Thesis.........according to Fozen Nutz sac. . Unsure if it's follow the smart money or follow wealthy investors. Wonder how that plays out....didn't Eric Sprott front Fast Frank/Barkerville with a $15,000,000 loan back in 2013 or so? . . Its the end of an era on Vancouvers Howe Street, the on-again off-again junior mining capital of the world, with the resignation of J. Francis Frank Callaghan as CEO of Barkerville Gold Mines, a role he had occupied since 1991. Mining engineer and current Barkerville Chairman Norman Anderson has been appointed temporary CEO of the BC explorer and small scale gold miner, while the company has already started its search for a full time replacement. Callaghan, a well-liked and larger-than-life stock promoter, celebrated a long list of accomplishments with Barkerville in todays news release. Despite this, Callaghan has often drawn criticism for excessive G&A expenses and Barkervilles rocky share price performance, and lets not forget the company has rolled back its shares 10:1 twice since the year 2000. eric-sprott Barkerville also announced that it has received a one-month loan extension from creditor 2176423 Ontario Ltd., which loaned Barkerville $15 million in fall 2013. 2176423 Ontario Ltd. is a private investment company controlled by billionaire Eric Sprott, 69, founder of the Sprott Inc. group of natural resources and precious metals finance companies. It is now in Mr. Sprotts interest for the shares of Barkerville Gold Mines to languish, so he can convert his facility to equity at the lowest possible valuation for Barkerville. There is no telling this will happen, as Barkervilles story is well known throughout the investment community and investors may start bidding up its shares in the post-Callaghan era, potentially making way for a new equity financing to repay Mr. Sprott. As well, the respected financier, Sprott, may elect to take mercy on the existing . Languish....that's a word we don't often hear in investing terms. . . When Sprott Inc went public, $10 a share Eric owned a bunch. He recently sold 18,000,000 shares around $2 each.....so if Retards like Frozen Nutz sac followed his own advice and invested $100,000 into Sprott inc, he'd have around $24,000 worth of shares today. Just remember...it's only a loss when you sell....lol. . Or if he followed Eric buying Timminco...up to $35/share...now worth pennies a share. . . Not..... too hard to understand how buying BGM at $1 a share...now worth 30% less....Frozen Nutzsac is "very happy with that investment"...or whatever he calls it. I call it UFB. . JMHO
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