Eva, to put it mildly, Andrew got it right...BGO is a piece of crap AS LONG AS CLIVE JOHNSON is CEO.
You see, dearheart, it takes 3 Ms to be a viable mining company...
money
minerals to mine
management
Richard was right about Clive once upon a time, but Richard's current avowal of Clive's good standing---that hasn't been true of peer mining opinion of Clive for about 8 years that I know of...and his messing around and messing up both BGO, AZS and the Chilean mountaintop mine which he out and out lied about. All these difficulties and whether it was even open that Chilean mine was even open or not--thanks to thread Sleuth, Ken Bene's right on target independent investigation and reporting among others one here...well, we all learned at about the same time just what a prevaricator and master of disingenuity ole Clive. He's a jerk and a lousy manager and that's why BGO is trading in the dirt and not even a glimmer of a shadow of its former hope, glory or output, regardless
of what the price of gold does. He's not trusted in either the mining community, the investment equity advisor/mutual fund community, nor in the financing community. And THAT's going to make getting the money to reopen what he's squandered damn near impossible to come by. Period!
There are other plays. Do youself a favor and leave this one alone...SI's loaded with burned out BGO shareholders, some who hung their portfolio hopes and aspirations on and still believed in Cliver and his management style long after the mining community took BGO out and shot it and left it for dead along the side of the yellow brick road.
So, you've got 2 of the 3 vital "M's" missing...Management and Money with the BGO story as long as Clive's signing BGO letterhead stationery. The metal is there, somewhere, and someone else more believeable and with deeper pockets will take it away from him if gold is allowed off the bar-room, brawling floor.
All the best,
gold_tutor
ayup that's smee....on SI, eBay, Yahoo, Stockhouse, Raging Bull, AOL, and coming to other forums
near and dear to goldbugs on the net.... |
