"Just can’t figure out why ex directors would sell at such a depressed share price. At the very least sell when it’s back up to 70c or 80c??? What silly people... glad they’re not on the board."
They are not doing themselves or their families any favors. They should have admitted their mistakes and learned from it. Instead of that," they cut their nose to spite their face". Have they considered that, by keeping they are tax planning, maximizing their estate assets value, which will benefit their families instead of dumping, which is like throwing everything away without caring for the consequences?
Ex directors appeared to be complacent.
They tried to sell the lithium project cheaply. Since then we have established a world class lithium project.
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Goulamina Lithium Project
Drilling program has delineated substantial additional spodumene-bearing pegmatite.
Sangar consists of two distinct bodies extending over at least 1km - both are thicker and higher in grade than the Main and West pegmatites and remain open to the north and south.
Main and West deposits show significant extensions – both are also open to the north, south and at depth.
Wide-spaced drilling has established continuity of pegmatites at Danaya and Yando over 1.5km of strike. •
Work on Maiden Ore Reserve and updating Goulamina ."
Our resource has since treble and in the longer term we could be looking at a 100MT project with a 4MTpa plant
Lacking intense in gold exploration.
Gold Projects
Gold projects reviewed to define high priority targets and auger drilling planned.
Airborne magnetic and radiometric survey at Goulamina extended to cover gold projects.
Corporate
Highly successful placement raises A$12 million to fund Goulamina Project.
Malian subsidiary companies’ financial and tax status now in good standing. (The company had to pay penalties, update and do the necessary paper work to secure the companies position and to secure the right people to ensure that all work are done properly.)
We are currently talking to potential offtake partners, with a view of mining the high quality world class lithium together
The future for BGS is indeed bright.
BGS Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
(20min delay)