Posted On: 10/05/2013 12:59:00 PM
Post# of 9904
Re: The Matrix #1719
Indeed. They really do have multiple identities over there. I replied to a post of Earnest and when he tried to reply he realised I had blocked him, so he then logged in as Lone Ranger to reply to me. It didn't matter, I just put him on ignore as well!
However, since Winston Cooper showed the entire world that BGL has no doubt strong armed their accountant's into including the impairment charge as a mere footnote to the accounts, all that has to happen is for BGL to have to crystallise that C$9.2m impairment charge.
How will that happen, when MSJ announces the sale of Cinco Minas and Gran Cabrera. If they are selling them or a new listing somewhere else, I really do think MSJ won't announce anything until the money is in the bank or until the Mexican (or some other stock exchange) officially authorises them to list on their exchange.
Once that happens I think BGL's share price wil shoot down to 0.0001 if it stays that high even! The fun will come when they try to get another C$250k via a private placement they will need to issue 2.5bn shares in one go!
OUCH!
However, since Winston Cooper showed the entire world that BGL has no doubt strong armed their accountant's into including the impairment charge as a mere footnote to the accounts, all that has to happen is for BGL to have to crystallise that C$9.2m impairment charge.
How will that happen, when MSJ announces the sale of Cinco Minas and Gran Cabrera. If they are selling them or a new listing somewhere else, I really do think MSJ won't announce anything until the money is in the bank or until the Mexican (or some other stock exchange) officially authorises them to list on their exchange.
Once that happens I think BGL's share price wil shoot down to 0.0001 if it stays that high even! The fun will come when they try to get another C$250k via a private placement they will need to issue 2.5bn shares in one go!
OUCH!
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