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ryobal

7,161 Posts.

517

29/10/15

16:51

Post #: 16284948
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Originally posted by DeaDea ↑

Before any ridicule (as commonly seen jibed at posters) be assured I have checked the Terms of Use and found no requirement to hold stock or minimum number of prior posts as pre-requisites to posting.

Ryobal, firstly well done ‘keeping it real’ here’s a few more facts for you (where others are touting agreement imminent but may not have read, or perhaps conveniently overlooked):

“Birimian Gold Limited and Société des Mines de Morila SA, in conjunction with Randgold Resources Limited, have agreed the following terms…”
“completion of a positive Feasibility Study.”
“work jointly on permitting any ore body discoveries that will be processed through the
Morila Treatment Plant.” (announcement 27 June 13 Birimian And Morila Enter Into Memorandum Of Understanding)

- No company information provided indicating commencement of Feasibility Study (even if jointly completed/paid for by the MOU signatories still requires a positive outcome)
- No Company information provided indicating commencement of permitting.

“the Company has commenced preliminary metallurgical studies on mineralised material from Ntiola and initiated an environmental and social assessment
in the Ntiola area. The results of this work will provide substantial baseline information should a decision be
made to further advance economic evaluations at Ntiola.” (Annual Report 30 June 2013)

- No company information provided indicating they have decided to “further advance economic evaluations at Ntiola”

- Any economic evaluation or Feasibility study could only be supported with a JORC compliant resource

- Feasibility Studies are not cheap (even Preliminary)

A few posters appear to have fallen in love with this stock (possibly even the ’Great’ man himself), believe themselves to be bigger than the market and quite remarkably think many make financial decisions based on anonymous unsolicited comments on a public chat forum.

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Thanks DeaDea - well layed out post. I don't need to rub salt in to the long termers but this is one of the reasons why I have always said KJ is no good commercially - basically CR after CR on the way down with so many unanswered comments... See the difference with RG they actually get it done. Domba? No probs dig it up.

We do have a systematic drilling program though - no surprise there. I think KJ finally got a big slap in the face from last CR though that the money will dry up..

Happy to be proven wrong I still have a modest holding but have sold most due to previous comments

BGS Price at posting: 0.8¢ Sentiment: Sell Disclosure: Held
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Vote yes! yes! to all resolutions!, page-62

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