This is the Best news and it's not me spinning it…. Having now chatted wth two different CEO’s with who know BFD intimately and one geologist, I am going to share their comments vs mine, because I am not a geo nor currently running a pubco, but this is from far more educated people than me. So there is lots to think about and even more to digest. Lets start shall we….I am sharing, so try not to shoot the messenger
First off, and this is real important, this press release was NOT written by Ron Stewart, oh yes his name is penned on it but this is OSK, all the way, all the way. Look at the depth of this PR, this would have been in the works for the last two ( 2 weeks ) not written in the bathroom over night and it would have crossed many eyes,, including the lawyers for the company. So with that, lets talk about timing of a release by OSK a few days ago giving notice to acquiring 16M shares and now owning 27%
Timing……timing….timing and the stock traded to .175 today with market support and knowledge….and by the way, it was very organized, the up ticking and not much paper
so we have gone from .11 to .175 this week now knowing a bit more than we did yesterday….but its tight
While most may think this is like “Real Negative”, please read on I will try to explain why I think its positive along with three other very significant people…two of which own
pretty big positions in BFD and if they think its positive, then I am going with them…..
This news release “TODAY” explains why BFD did not match the release the other day with OSK because its bigger than them, way bigger.
NOT drilling is what they should have NOT done this past summer and NOT drill this winter!! Pray tell what am I talking about? Let everyone else spend their money, were in teh middle of the camp!!
If Jens was running this deal, he would never have wasted the money the summer of 2017, ask any one who knows him, he is sitting on it, period. His property on one side is being drilled by OSK, and they have been drilling deep and right into BFD property. Secondly, on the other side BTR have been drilling with all their drill pads set up on BFD property and have had great success. So, then what am I saying. With OSK drilling deep and onto BFD property, they are testing and gaining lots of data. BTR are drilling and coming to the conclusion that they need BFD property, they do not have size and scale! SO LET THEM COME TO US! and that is exactly what they are doing, yeah!!
Keep in mind, OSK is completing two holes per day, every day……
Lets face it, 7500 meters is a joke and was a joke when they announced it in Dec, so this is the best thing, better than announcing they are on the property and better than they started drilling.
Bob Wares, has clearly interjected here and said, “ we are NOT wasting money” Im guessing they have a pot full of data and this release says, one thing, when we “OSK”
is ready to drill, we will drill”!!!!
Now the Herve touch, which by the way, he had great success with Integra and OSK, he used Groupe-Conseil Inc, like one of the best in PQ. I had to do a lot of drilling to find this information, but Google, is amazing….so lets regroup. take our time, plan this out and do it right. However, and I say this not lightly, this I believe sets the tone for shareholder boredom and an OSK take over. But I also think this is opening the door for Ron’s departure and Herve's move to a senior role, besides a board seat. People are listening and we, just need to read between the lines.
The Launay Property OSK tried to buy that years ago, and got side tracked……
Troilus may just be where Mathieu is heading, while they get things organized for a summer program, some where
Hemlo, well that is valuable and is the gem as far as any mining company, so there you have it, I just spelled out $12M in property values
THIS IS STILL THE CHEAPEST WAY TO OWN OSK:TSX, AGM around the corner, when your circular ends up in your mail box, read it
( To me, this is the best signal we have gotten from OSK, they want BFD) Don’t drill, we get the company and $7M cash and $12M in property’s
NOW, lets have a discussion, no bashing, no conspiracy theory’s you may have to re read above, there is a lot to take in ;-)
J103 ( keeping it real )