Terry, I grant you that based on the info you provide, my math is not correct, however, I noticed that Clive Johnson exercise 110,000 options AZS at .50 and another 110,000 at 1.21 (see Stockwatch report on April/97), what makes you think that this was the last he has at these prices?...furthermore, Joe Kajso, Barry Rayment, Michael Hopley and Thomas Garagan also exercised options at the 1.21 price level.....the real fact telling information would be the BGO insider trading information that is not readily available (at least to me), does anyone knows if this information is available somewhere?.
Bottom line, I see that BGO management had to make a tough decision betweeen doing no deal, and risk being taking over by a major at much lower prices later in the spring, or make a lousy deal and keep their jobs for another two yeares (at the expense of the shareholders since there in nothing for us to look after in the near future, unless gold prices go babk to 400 again).....
Overall, Clive's timing in releasing his news and closing deals are the worst I've seen, he is not really promoter's material....and unfortunatelly, in this junior spec market, the better promoted property gets the attention of the bunch....I am out and sold out my position. Good luck you all, I know you are a long term investor in BGO and I do respect that.
TC |
