Dear fellow screwed BCMD stockholders,
I have listed the last 5 years press release headlines. Please respond as to whether this scenario sounds familiar? Have fun.
1992
1992 Local mining company featured in Sacramento Business Publication
1992 BCMD names Koenig CEO
8\92 Wall Street Journal, BCMD and Kyrghyzstan deal
1993
4\93 BCMD mentioned in Wall Street Journal, Deal with Kyrghyzstan
5\93 BCMD recapproval for permit to construct additional sedimentation pond and receives Yorkton Securities Asset Valuation Report.
5\93 BCMD signs decree for joint venture with Kyrghyzstan
6\93 BCMD signs decree for joint venture with Kyrghyzstan and MK Gold
6\93 Lawson named new Chairman of BCMD
7\93 Gold production begins at Ruby Mine 150 tons\day increase to 225 tons
Fall 1993 Newsletter, Goal to lift 100 tons per day from Lowrey and 50-75 tons from the Black Channel. From 7\93-9\93 company ran 2,836 tons at the rate of 150 tons per day. Company should be able to run 3,000 tons per month in future.
1994
Spring 1994 Newsletter, $4.2 million settlement from MK Gold
Mechanical problems at Ruby mill. Record snowfall. 66 oz mined during winter. Upgrades at Ruby to be ready by April. $400,000 to spend to boost production to 150 oz per ton. (Thought they said that 7\93)
4\94 BCMD names new CEO
4\18 BCMD makes $400,000 in improvements at Ruby.
New CEO looks for profitability as early as July 1994.
Summer 1994 Newsletter, From CEO Jim Chapin, purchase 2 new ore trucks, Full scale mining won't begin until July1. Ruby to run ore 10 months per year.
"This is the year of no excuses for BCMD" Chapin said.
To be continued...
Love,
Martin |
