Noting the stock moving a bit higher than the .46 I saw recently.
Ok, as far as I know, no real mining is taking place at this exact moment in time.
I heard management was doing a little... but definitely not a full scale operation with miners.
Now, basically, BCMD is waiting for Sterling JV to fully default (which I believe they have done by now).
I'm only assuming that Jim's next step , or while this waiting process takes place, he would try and line someone else to take the
JV's place with capital infusion.
Anyway, I'm assuming Jim has SOME concept of common sense... I guess we will see how this plays out.
What my thought are , are this:
IF Jim Chapin gets another JV... that looks pretty good, why?
Because they will know the history of BCMD for one thing and the history of Sterling. And if they STILL want to invest in BCMD, I can only believe there is something good in the ground.
Before the JV default announcement, BCMD was at 1.25 - 1.50 range.
If they get another JV, can I assume, possibly, that BCMD would launch back into this range, if not beyond this range?
Why?
Because, as I said, if a new JV came aboard... they are accepting BCMD/Sterling inaction of the past..and YET, still decide to sign on.
THAT would be a very good sign... but again, this is ONLY speculation on my part.
-DavidCG |
