Peter, everything else about Bema aside, there is no question in my mind that their financial statements and their assays can be relied upon. There is no shortage of detractors on this thread, including myself, but I don't think you'd find anyone that would argue differently.
Financially secure? Well, if you read the quarterly then you know how much money they are losing, and you know about the problems with Refugio, the lawsuit, etc. If they had gotten wired too deep into this thing in Russia, that would be another cause for concern.
If you want to trade it, then go for it with your eyes open. But if you are looking for a proxy for the price of gold, with some leverage, I think the additional baggage here makes it more complicated than most. Anyone disagree?
regards - Tom |
