OTCQX:BGMZF - Post by User
Comment by
Bever73on Jul 28, 2018 12:51am
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Post# 28380438
RE:RE:Stop with the good news
RE:RE:Stop with the good newsOracleOfOttawa wrote: It really makes no sense. I have been following NGD (glad I don't own it !) and they are only 1 g/ton and going bankrupt because of huge debt.
Surely our grades are better, along with our debt? Not sure how many stocks are issued but they are still at 1.66 last time i looked.
Any idea what the next catalyst might be and when? (Don't say good drill result news releases :)
I'm thinking buyout, or resource upgrade - not sure when...maybe someone decides they just have to own 20M shares from the common market and up we go...
What made it go from 40 cents to 1.40 last year? (doesn't that seem like a long time ago?)
Comments appreciated.
Ngd just put a chit stain on the industry. Giant unprofitAble operation. From what i know about bgm is the grades are there but so is the waste....high nuggety deposit; needs high gold prices to try and move this thing into production. Diffrence now and then?? Alot of money spent cleaning up callaghans mess..... Alot of dillution .... Your stuck here (maybe even lower) until next gold. Bull