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Bullboard - Stock Discussion Forum BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a... see more

TSXV:BTR - Post Discussion

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Post by goldhappy on Dec 03, 2020 11:48am

Mill Test

Results should be interesting. Drill assays shoul be announced in the near future. I'm wondering if the mill test might prompt some production...by whom? Why not Osisko? Maybe KL ...may others be lurking with a cheque book. We know someone has been interested. Like looking and shopping for a steal of a deal and the owner said no because it's worth much more. If the buyer sees and realizes the value they may come back. Lots in play here. Especially as we see the paper erode in value.
Comment by oilgashappy on Dec 03, 2020 12:39pm
If the buyer is willing to offer $1.60 a share, why are they not buying up the shares in the open market? 
Comment by PeterThomas on Dec 03, 2020 2:03pm
good point.
Comment by tsoprano24 on Dec 03, 2020 3:28pm
My guess would be they want to own it all at that price, not be an investor in it. They could probably get 10% below 1.60 but then they would have to file. Doesn't do them any good. Insiders may have told them they want more but no one else is interested. Did they even release who this supposed interested party was? Because Sprott jokingly saying I'd buy it for $1.60 and then releasing ...more  
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