Barramundi Gold Message Board

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Gold/Mining/Energy : Barramundi Gold

BAM 53.90

-0.9%

Nov 4 3:59 PM EST

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To: hotstox who wrote (70)	1/17/2000 5:51:00 PM
From: zebity	Read Replies (2) of 99

Newmont money injection is obviously excellent news... I understand that exercising warrants results in money going into company's coffers. It just that by making the exercise price so low has the effect of diluting current share holders value. What we would like to see is some serious and successful promotion of BAM by the management. The Newmont move should make this more viable. If warrants were being excercised at 0.30 you would hear nary a squeak from me... Its just since the Burban fiasco BAM share price has dropped like a rock. This is in an envionment where we should start seeing some benefit of holding onto and supporting BAM for so long: 1) Gold price starting to show some strength 2) Physical demand increasing (especially in China) 3) Newmont support providing strong evidence of property viability 4) Strong interest in Tintina Gold Belt in general 5) Central Bank gold sales reducing 6) Weakening US $ 7) Inflationary environment on the horizon Unfortunely the break with Burban seems to have thrown such a bad light over the company that general investment community seems to be quite happy to avoid the company. The company must start to get some sort of market support going because otherwise all evidence points to this being an exercise in pouring money down a black hole. Far from "griping" I have directly supported the BAM share price in the market for a long time, and until the Burban split always provided market support when the shares dipped into the $0.15 range. My personal opinion is that BAM made a fundamental mistake by not undertaking trial mine on the Longline property to allow the company to be more self funding instead of taking the "drill and hope" path. This was premised on the notion that getting positive results would garner market support. The investment then available would then allow for a more extensive program. Anyhow we wait with bated breath to see some statement of direction from the company management on what their plans are for the future (one of the reason for these posting it to try to prompt some action on this front). Obviously the $500,000 from Newmont must be reinvested into funding the Longline exploration program (as I think this was part of the agreement). I have been looking for BAM to go "higher very soon" for some considerable time now so I will not hold my breath. I will of course been more that happy to see this, but again this will only happen with some considerable and on going market support.

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