Belo Sun Mining Corp T.BSX

The good and the ugly

[Blunty1969]

The outcome on projects similar to this in most management team failing,,most of the capital is spend on salaries and management expenses, and I know here he is again on management,the reason for so is getting burned and not listening years back  to experienced colligues that where in the game for years,and where very opinionated on certain management names,the path I've seen,experienced,the capital mostly will go towards you know what.the company needs to raise money, let's do so, but times are hard right now,but hey we get paid well we have to come threw here for the  best of all share  holders.NOT!!!!!!! Ok let's raise mine but not diluting shares, sounds great nice guys NOT!!!! But look we got a bridge loan everybody, let's say 30 million at 10% market capital of company so so is 300 million, ok times up let's say 18 months, what looks to be almost sure no progress more salaries paid bla bla bla I know, but know guess what's the outcome? Thats right market cap know is 150 million he now owns 20 % when the payment on the loan doesn't happen.And that's one very common way how to sell the farm

[bracky]

You have 1 major flaw there , he has paid off a major part of that loan according to company released FS . I don't think he would have done that if he was only in it for a salary . His pmt on the loan was over 2 mill, his reported salary isin the neigbourhood of 450k , therefore he paid up front for a four year salary , I really doubt hat.

[Blunty1969]

Ok let's see on what terms he's going to raise money,let's see if they come and make a deal on  rights offering to all shareholders,and commit capital to the ground of this play and not all towards management fees

[Blunty1969]

Good luck with that

[Blunty1969]

Don't give me this there not in the elite in this game and you know it

[Blunty1969]

Peters average share price,and how he's  been compensated with salaries and expenses, add that all up, his cost is very low, what they agree over dinner with a hand shake on new future large positions coming is the other deal you never know about, Just take a look at belos suns box on if they make a show up on a major gold event, do you see any of the big player at there both? Go to these

[Blunty1969]

Two diferente approaches and mind sets.i like management that sees years ahead of there legacy to continue, and belive that when you take care of share holders fairly and the most honest way, it gives them easier low cost of capital for future projects.Fora Peter!!!!!!! E leva o Bahrti com voce!!!Viva Brazil !!!

[bracky]

You seem to be looking for an utopian situation which I am skepical that it even exists . It seems most are motivated by greed and not just a comfortable living . A salary provides Peter with a comdortable living but like pretty well all of us we want more , I believe he wants more

[Blunty1969]

A pretty hefty salary  towards for his productivity on Bsx,You want happens to individuals thats don't produce at there jobs and eat away from the Croft in the real world they get the boot, company owners don't let them hang  on until all there money is wasted, that's the real world.

[Blunty1969]

And wake up man!!! If the stock comes down wich normally leads to transactions he gets paid on trhose transactions,the guy benefits even if the stock comes down, how can you be cheer leader for these guys, what ever man go ahead they love investers like you