Beauce Gold Fields Inc V.BGF

Bad smell

[bcsc]

I haven't had the time or inclination to investigate further (very small holding from HPQ spin offf) but something doesn't smell right about this transactioin given the recent  spike. 
Was the $0.30 valuation for the transaction pre determined in the contract or based on market price?

[MyBuddyy]

I don't have any doubts about the validity of the transaction.  It was done at market value.  I just wonder why the company doing the testing on the gold samples gave a 4-5 week turnaround time and we're waiting for results 7 weeks later. 

[Canxplor]

... Market value.. .. considering warrants were just issued quite under market pricing... those PP parasites everywhere. I love to follow this little stuff, but my big guys are much more transparent, with massive cash flows. Perhaps compilation of old drill logs? Who knows. Lots of delayed samples it seems... they are perhaps trying to time the markets.. but these day you will just piss everyone

[bcsc]

2 year royalty payment. Other than a couple of days it trades at under $0.20 until the week surrounding the valuation date when it spikes and then immediately drops back down. Provides at least a 50% savings to BGF. Other than the fact that many HPQ shareholders are also BGF shareholders, I don't imagine that they would be too happy about it.

[MyBuddyy]

You're reading a little too deep in to that.   I don't think there was anything under handed about them paying their debts off.    I personally know most of the people involved in the stock price doing the climb from $0.13 up to $0.44.   I watched the share volumes and price increases.

[Ragingbull255]

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[Ragingbull255]

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