RE:Where is the synergy between TML & BWCG?Interesting comments. I am certainly not happy how all this went down. The BWCG
project has basically been shelved and mgmt has done a 180 after raising money
for the purpose of advancing their properties. Suddenly now the focus is on Goliath
through this merger. I can understand why investors in BWCG, myself included are
rightly p'ssd off and are asking questions. That is not why money was raised and
not why investors invested.
That said, Giustra must have seen something that prompted him to change course.
I don't know what it was but we do know he has $5M cash tied up in BWCG equating
to 20% equity. I don't think he is stupid or senile. Despite being incredibly wealthy,
$5M invested in BWCG is not something to sneeze at and I'm sure he wants to get
a decent return on that investment.
What will help me get over this is after getting diluted through the share ratio exchange
and then another brutal 4 for 1 rollback, that Goliath becomes a really profitable
mine with some good upside. TML at this price or lower might easily compensate
BWCG holders if they take the opportunity to invest. Bottom line is to make good
profits on your investment. I've been through these situations before and even though
they stink at the time, you either sell out and stay away or keep following the money and
hope it works out at the end of the day.