CI
I dont know about the TSX, but it is totally illegal here to HOLD BACK market sensitive news from the market. It might happen with tin-pot penny stocks, but not with any decent directors.
You mention: "timing news based around when they
can sell their private placement shares" ... What are you talking about? This placement was arranged through Argonaut, and was made to numerous institutional investors. It was for a mere $15million, and each holder would have received a relatively small amount.
Mate, we are talking PEANUTS to some of the institutions that bought in to the placement.
What you are implying is a criminal collusion that involved Argonaut and multiply high quality institutions, along with BMN directors, that would include BMN directors agreeing to illegally hold back market sensitive news so each institution could make some paltry profits, while leaving all of them open to criminal investigation!
Jeepers ... even I cant buy that!
Anyone who can read a report can see that there where no large announcements expected in early 2011 ... news will NATURALLY fall due as drilling results come in, and as the events forecast in previous announcement come to fruition over the next 6 months.
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