Post by
halcro on Feb 11, 2016 12:25pm
It's only money
What, me worry???????
While it's nice to have a rich (well, likely not so rich as in 2012) uncle close by, it's even nicer to have a friendly, new, newly cashed-up friend to rely on should there be a new need for additional cash.
Osisko is all moneyed up, with the possibility of over $222 million before commissions in fresh money coming into its coffers.
No matter that BGM isn't mining and milling. Surely that minor issue won't hinder BgM's access to more cash should new funds be required?
Meanwhile...why isn't the Financial Times and Goldman Sachs as giddy about gold as BGM's bullboard regulars?
"...While there are currently few signs of inflation with oil prices trading at $30 a barrel, stronger US economic growth could result in a recovery of US inflation expectations, Goldman Sachs said this week.
The bank forecast that the Fed would raise rates by 25 basis points three times this year, to 1.3 per cent. A corresponding rise in US real interest rates could drive gold prices down to about $1,000, it said.
Gold prices are still down 34 per cent since hitting a peak of more than $1,800 a troy ounce in 2011."
https://www.ft.com/cms/s/0/701676ea-cffc-11e5-92a1-c5e23ef99c77.html#axzz3zschwOCR
2016-02-08 16:50 OR 15.78 News Release Osisko arranges $150.09-million bought-deal financing
Comment by
Cognition777 on Feb 11, 2016 12:44pm
In 2011, CAD was even with USD... $1800 oz gold was $1800 oz any way you slice it. Today, CAD is 1.40 to the USD... $1250oz USD is $1750oz CAD.
Comment by
Rollercoasterblues on Feb 11, 2016 12:47pm
Yes, and this makes safe CDN gold mininng operations/resources even more valuable!
Comment by
halcro on Feb 11, 2016 12:55pm
Roller...leaving the safe aside (BGM ain't doing nothing in the way of mining/milling to endanger anyone, right?), care to tell the board what the BGM resource is that's so valuable?