Barkerville Gold Mns Ltd BGMZF

Volume & Price = Buyout Suggested - New High

[lithomon]

If Osisko Royalties and Osisko Mining already have about 50% ownership of BGM, perhaps the Osisko group is increasing its ownership.  Not likely another Gold miner could gain control of BGM unless first acquiring OSK and then buying into BGM like there is no tomorrow.

Then again, perhaps the Flight to Gold is a response to the White House in Crisis and the imminent Trump impeachment process.  Ivanka & Jared moving back to New York Trump Towers shortly??

[MyReadOnIt]

This one is a no-brainer in that it will be bought out. The question is when and at what price. Up!

[Cognition777]

a buy-out is always possible, but mgmnt appetite for raising cash make it highly unlikely. They are raising cash for development of resources through drilling, and development of a mill for Cow Mtn. At some point, I hope they stop diluting BGM and take out some debt (likely nearer to the Cow's mill development). 

[waitingstill]

Good point about the buyout. Why raise more money and dilute if you are just planning to sell and not develop a warchest for resource development. But I agree about the dilution. No more at least until the 43-101 is out. I don't suspect they will have to considering how much they have raised. Can not wait until Cow and Island 43-101 come out. I am very interested to see how all these great

[chillyballs]

I have 2 thoughts... 1) Dilution - $44MM dollars is a lot of dollars...don't see a need for more $$ for awhile. Also, if they will earn $15MM+ in operating income annually at Barkerville, the incremental $$'s required for development become significantly smaller. 2) Buyout - I can sell you a button today for a $1.00 or a suit next month for $1000.00....OR....I can develop this property

[Wisdomwithage]

Either way, chilly, 'Buyout' or 'Develop', it should be a win-win for shareholders.  Long and strong! Cheers, Brit