Share price compared to others in the region
I personally do not know, why BFD does not preserve the funds at the account. Meanwhile also in my opinion, management is wasting the funds, and lowering our share capital. All professional led companies around us are drilling, and extending the resources extremely. It is quite clear, that there is massive Gold on our Urban property. We do not need to drill. Can be done by others later. I found a very good comparison 10 years back in the O&G sector. Altai is the company named. This Company is engaged in the St. Lawrence Lowlands in Quebec. 10 years back, there was a real Gas Rush. Lots of companies had been 10 or 20 baggers. E.g. Questerre, Gastem, Petroolympic, Junex... All of this companies investedlots of funds, farmed in and farmed out... There is Shale Gas without end in the Lorraine Shale below Quebec. Some of the named companies had extremely good test wells. This was the initial impuls for all others. Altai had a quite nice parcel of interesting properties. They did not do a lot, but the Shareprice exploded. No Exploration, no mergers no farm ins and farm outs. They raised some funds, and preserved them. This does not exclude, to talk to others, and increase shareholder value. Have a look at the share Price back in 2007. They had the biggest % gain. It is same with BFD. All others around know, when they announce the new resource estimate to the market, competitors around will benefit extremely. This is one of more reasons, why they are waiting with that. Hopefully, the new estimates of OSK and BTR are finished and released ahead of BFD is facing a blank account, based on senseless exploration. In my opinion this is the sample, BFD management should look onto. We as BFD have also a quite nice parcel of interesting properties in the heart of the Urban Area. Why exploring? I cannot understand. To be honest, if the management wasts all our funds, in my opinion, it is some kind of fraud. But it is only my opinion.