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Bullboard - Stock Discussion Forum Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and... see more

OTCQX:BGMZF - Post Discussion

Barkerville Gold Mns Ltd > MORONg...How's that 39% Brain Function?
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Post by chillyballs on Mar 27, 2018 10:22pm

MORONg...How's that 39% Brain Function?

Bewrong,...   I have no idea how you can compare BAR to BGM but let me be the one to educate you on one very important fact... Since the beginning of the year, the BGM insiders have been excercising Rights, Options or just flat out buying shares...All of which cost the insiders money out of pocket... ! All I can find for BAR insiders is a whole bunch of expired options. Very Very telling indeed... Did BAR insiders know it would be a bust and by the same assumption... do BGM insiders know it is going to a positive resource update... I am betting with BGM insiders.
      So far as a release of Resource Estimate in Q1... the last time I checked... BGM's Fiscal year is Feb to Feb... which would put May very nicely into Q1. JMHO
   If you have been following the news releases wrt drill results... I think the resource will up just fine!!
   Clearly you do not stay on top of things or you would know that there was a commisioning of the Mill and it has been shut down for a few months now... for the answers to why... go do some due diligence ...
   As far as step out drilling is concerned... I know you won't understand rationale for that...just know that it is and will be a very good thing.  Once again ... due diligence is required but first please go see your finacial advisor...you need help!!
  Let's go to your next lame@$$ point in terms of dollars required... Lodder was very clear in that he figures $100million over the next 2 years... this year and next year.... so...since they have $48million in the bank and plan to generate $10 - $15 million in year on gold sales... that would leave a short fall of $22million if I use that upper end of generation... and why not since the grading has already been significantly higher that planned. (look it up)!!
  Once a mine begins to produce and reserves grow... there many more credit facility options available or maybe NSR's etc... you can look all this up or talk to your advisor as you clearly have no clue!! Although a PP is not out of the question as in MHO share price will be higher this year and even higher next year so it could be a pretty small offering to generate $22Million... again I suspect we could see a Flow Through share offering very late in 2018...Maybe?!?!? JMHO...
  Finally, I won't even try to make sense out of your 48% of shareholders comment... because I don't think I will find any sense in it.
  But hey ... thanks for showing up and demonstrating to all of us how useless your rhetoric is!!!
Comment by gordo32 on Mar 28, 2018 11:30am
chillyballs Don't forget Bewrong choose his handle well,with 72 ignors  his wisdom and knowledge have earned him a large following of (-72). gordo32
Comment by hammer161 on Mar 29, 2018 10:58am
Gordo - perhaps you should check Chilly's profile. He's a -90.
Comment by chillyballs on Mar 29, 2018 11:46am
Yup... earned 80+ of them over at Intertainment (v.int) a few years back calling out scammers there... and where is that company now???  Picked up a few here calling out basholes in the Halcro/2guys/specboy days... so not too worried about my reputuation here hammerhead!!