Hey antsprojects,I bought 200K @ an average SP of .36 cents.
While Im far from happy at the current SP,Im reluctant to be sheeting the blame at any particular individual-yet.
My understanding is that only half the results,were witheld by the BYR management-because they only had the gold essays,as the other metal results were not availiable.
The key questions perhaps are why(really why) and at whose bequest the partial results were not made public.
Lets not forget BYR are under the pru umbrella physically and financialy.
I note that pru have fully taken up their entitlements,post the release of the initial results from Balantindi.
I accept its a cheap takeup monetarily,but why would they,wheres the value?
Moreover why did BGF equities have BYR as a hold when the SP was circa .20 cents?
I have "some" history with pru ,they IMHO forced the cig management to blow circa $17 million propping up the pru sp early in the GFC and no doubt avoiding a takeover.
Some other disgruntled former byr SHrs have also formed the opinion that you have,I have asked them that if they feel so strongly to contact the relavant authoritys to either confirm or otherwise the validity of these as yet unproven theorys.
Just as people connected a series of dots to buy into BYR,chairman buying,european roadshow- to get european investers onpoard ect,it would appear that people are connecting another series of dots to come up with the "so-called" nefarious actions of the chairman.
Please note, Im not defending the chairman,I am however asking for a smoking gun,or complete lack therof.
I would have thought it (finding out)should be a relatively simple exercise to prove either manipulation of events for someone to gain from or not and who did gain by this nonrelease of information.
Meantime the POG is holding up well,is Mansounia a potential goer?(as per the BYR quarterly)
The planning of a follow-up program on the Mansounia property awaits the return of assay results
from the recently completed drill program. It is anticipated that this additional drilling will provide
sufficient data, together with the greatly improved spot price for gold, to reconsider the proposed
development of the property which was last reviewed in 2009.
The two most powerful warriors are paitence and time.
Raider
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