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Barkerville Gold Mines Ltd V.BGM

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  BGMZF

Barkerville Gold Mines Ltd is engaged in the acquisition, exploration, development, production and sale of gold mineral properties in Canada. Its operating properties include; Bonanza Ledge, Cariboo Gold Quartz, Island Mountain, and QR Mine & mill.
Price: $0.205 | Change: $-0.02 | %Change: -8.89%
Volume: 34,939 | Day High/Low: 0.225/0.205 | 52 Week High/Low: 1.00/0.19
V.BGM Barkerville Gold Mines Ltd
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Newfie75 - (11/15/2012 4:18:27 PM)
RE: RE: 20% is Vulture Capitalist's Rates

c.wells,

 

I was ticked off at first learning of the loan and 20% interest rate as well but after pondering it for a bit I totally agree that it had to be done.  And what is the difference in 10 and 20 percent given that it likely means production?  We knew BGM was broke so what exactly were people expecting with a cto in place?  Seems like a logical move in my mind.  Also note the faces that turn up after the news to cast doubt...always interesting!  I still think we are on the right track but I'd still be on board with replacing management if given the opportunity.  I just wish we could get the news release saying production has begun.  At least that means gold and gold means cash and cash means a higher sp and a higher sp means Cuba!