ole 49r:
Well it is confirmed. BGO is nothing more or less than a play on the price of gold. People laughed when I referred to BGO's effort with the CC becoming the Refuse to Go II. Instead of Amax, we have PDG to finance the development of the project. However, unlike the Refugio, BGO gets less than the 50% portion of the project that they get with Amax. In addition, PDG gets the blue sky potential of the Aldebaran property.
Markets do not lie, what has been evident to the markets, that Clive will retain control of the company at all cost, is now apparent to all. The only winner is Clive, he still has a company, I mean half a company, while we have to wait for a doomsday scenario to lift the price of gold. One question, why did BGO needed all those options to attract qualified people to develop the mine, when they knew in fact that PDG would pay for development, provide the expertise, and conduct further exploration. I think in the near future, a lot of those options will find their way into the corporate officers pockets rather than be used as they were intended to be.
What amazes me is that their will be members of this board who will pop the corks in celebration of BGO concluding a deal prior to 10/31.
Ken |
