Posted On: 12/16/2013 12:22:41 PM
Post# of 9903
I know I'm just guessing here but I'm still thinking that maybe BGL quietly discovered some super vein or some other abundant source of some other rare mineral or metal. They say only 20% of the concession has been explored so far. Plenty of room to find something else amazing maybe?
The other possibility is also that some hedge fund wants control of SRGE for some reason or other as you point out.
I'm beginning to think that BGL's last call for C$250K for running expenses will be its last. Maybe whoever is paying the bashers has decided to wait till tax write off selling season is done to scoop up the rest of the shares.
If BGL's stock price falls below a certain level, maybe one cent I think they might loose their listing. If they do, then they cannot issue any more shares as nobody will want to finance them as they won't have a way of selling. I've noticed Winstoncooper has raised his estimate of the write down from C$9.6m to over C$10m which seems to mean to me that they borrowed money to go after MSJ and are paying interest on it? If that is the case and they loose their listing, surely it will be game up.
As I said on ihub if that happens and news filters out, I wouldn't be surprised to see SRGE's share price start moving even with no news at all., After all nobody will be able to sell and BGL shares and the receiver will just declare the case lost.
Just thinking out loud. Hope it plays out for us soon.
The other possibility is also that some hedge fund wants control of SRGE for some reason or other as you point out.
I'm beginning to think that BGL's last call for C$250K for running expenses will be its last. Maybe whoever is paying the bashers has decided to wait till tax write off selling season is done to scoop up the rest of the shares.
If BGL's stock price falls below a certain level, maybe one cent I think they might loose their listing. If they do, then they cannot issue any more shares as nobody will want to finance them as they won't have a way of selling. I've noticed Winstoncooper has raised his estimate of the write down from C$9.6m to over C$10m which seems to mean to me that they borrowed money to go after MSJ and are paying interest on it? If that is the case and they loose their listing, surely it will be game up.
As I said on ihub if that happens and news filters out, I wouldn't be surprised to see SRGE's share price start moving even with no news at all., After all nobody will be able to sell and BGL shares and the receiver will just declare the case lost.
Just thinking out loud. Hope it plays out for us soon.
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