American Bonanza Gold Corp ABGFF

The BLM

[windyguy]

BZA Management has probably not received a signed FONSI, ROD, and MPO from the BLM as of yet. What has happened is the BLM has posted "conformed" copies of the signed documents on their website making their action part of the public record.

The reason BZA has not issued a news release is probably based on the theory if something is going to backfire, the chances of the Cluster Fruck originating from the BLM is extremely high.  Simply put, BZA could have easily put out a news release on Friday announcing approval based on the Thursday afternoon posting by the BLM.  However if the BLM then responded and said the posting was a mistake and they are still waiting for signatures, BZA management would be in legal liability for putting out a false news release.  This kind of problem has happened before.  

The safer route for BZA is to wait for the signed hard copy to arrive by the method the BLM uses which is snail mail.

All of us who bought on Friday did so on the probability the BLM actually mailed the copies that day or the intention is to sign and mail.  That was our risk.  BZA is doing the right job by waiting for the official original copy.

Unfortunately the BLM is a constipated bureaucracy that makes blunders all the time.  Issuing something on a website and then saying oops a few days later is not out of the realm of buffoonery these minions are capable of committing.  I have years of experience with these people and they send everything official by regular mail.  The FONSI and ROD does not require BZA signature as this is a unilateral Federal Action Document.  

So here we have it people, US Mail being another constipated bureaucracy is now in charge of delivery BZA shareholders the precious official news from another constipated agency, the BLM.

Hopefully someone at the BLM put on the right postage, wrote the right address and dropped the mail at the right mailbox for all of this to happen, if we are lucky by next Tuesday. I know it is a lot we are asking for but hey, we also thought the civil service was out to help society.  Wasn't that a wishful thought.

WG

[Smiles48]

I think it was PI that started the party on Friday at open with some 200K @ 0.31, he still has 100K left there, if his bid is still there on Monday morning ( 90% chance that it will be), I suspect that he will do the same on Monday (make it gap), let's say he's a little hungry.Cheers.

[TheRock07]

Balmoral's PP was oversubscribed and will close soon ...........which means we get our dough....which means we move forward more quickly to gold production.Should be a good week..........

[silverton]

Balmoral was $13M oversubscribed. Copperstone becoming a 45,000 oz a year producer short term and leaping many barriers time wise with the BLM is huge. But do not discount their shares in Balmoral to finally unlock the huge potential that Fenelon and Martiniere, that are neighbors of Detour Gold. A few short km to the west.  BZA sold their 1M oz Taurus property to HAW and still own their