PCS007
My thoughts excactly, David Porter sunk $500000.00 into this company last year for his 200,000,000 parcel.
Why would someone of his calibre do this? I think its fantastic that he is now on the board, the negotiations with the insurance company to settle over the fire in the northwest must be close to being complete as they began in September 2013.
BDI will get a payout for the fire and those funds will most likely be what is used to fund the field exploration beginning in the next couple of months in Burkina Faso.
Take a look at David Porter's resume, he wouldn't be wasting his time, money and reputation on this dud stock if he didn't think he could use it as his vehicle for success, i think we are fortunate to have him in our boat.
I keep thinking about buying more but I already have alot of this stock.
If they get a good settlement for the fire the shareprice would go up instantly, without knowing the full extent of the fire damage, I am imagining at least $1 million but I wouldn't be surprised if it was as high as $10 million I remember one of the DMS plants cost $2 million back in 2005, how much would something like that cost to replace now?
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