Share action, summer exploration and conspiracy theoriesSomeone or something is buying up tens of millions of shares of BMK which other investors don't want. If the latest private placement is financed someone or something will have accumulated 20 million shares, or 10% of the float, in that transaction alone. I think it highly unlikely that they are investing in Scadding! Even if another gold mine is established at Scadding it is going to be a small one, like before - hardly worth their trouble. This accumulation predates the last press release and probably has nothing to do with it.
The bigger story is the IOCG potential of the entire SPJ property, of which Scadding is the case study. Summer press releases will focus on property grassroots exploration. I wouldn't be surprised if a joint venture partner shows up out of the blue. Does management know more than you? - probably! The best we can do is read between the lines. Management is covering BMK's butt in case of a rapid escalation in share price.
If you like conspiracy theories is someone or something setting up a takeover of BMK?