Seriously
@Kyiap @Maigret1
The current board have just spent the last 5 months sorting out the deplorable state the "old" Board of Directors left the company in.
From the outset, J.MacKay's task was made difficult with some resistance from the then Managing Director, also after only a 5 week period Michael Langford resigned his position from the board stating "potential conflicts of interest".
Their task wasn't made easy with continual obstacles placed in their way, hence the need for a complete and total review of the company to which we went into suspension. The ultimate findings were to say the least a bit mind blowing, but I also think that we were lucky to survive this mess without the company folding.
I congratulate the board for the work to get us back trading, so I personally think you should give them some slack and let them do their work to get us up and in the limelight, it would/was a little difficult to try and promote a company with all this governance mess hanging over our heads.
As for your criticisms
1: Yes the attention would be a little more focused on BGS if the "word" hydroxide was mentioned in the presentation but I believe it is/will be in the PFS, the PFS is due out at end of September with the variations to either 1mtpa - 2mtpa with or without a secondary (hydroxide) plant - considering we just spent 5 months in suspension surely a small amount of time to wait to see if the hydroxide plant is an option before trying to promote it would be a better wait??
2: With drill campaign (which continued whilst we were suspended) results due out in near term, again, IMO waiting before throwing figures around is a better option.
3: Peer comparisons are difficult to line up "apples" with "apples" as getting a peer in the same position.
4: Once again, guessing what we have versus what Randgold will eventually inform the market of what we have is a pointless exercise, from all the old announcements BGS (K.Joyce, as the reporting officer) inferred we had 260,000oz whereas Randgold have indicated 60,ooo.
Yes James may have charisma, but he also had a confidence about him, about his work, about his passion for BGS to succeed and well as when questioned he was authoritative and without hesitation, I like the man.
Furthermore, I will be supporting the issuing of options to the current directors and not just simply because I am thankful that I haven't lost a lot of money and we are trading again, but also it actually demonstrates their confidence that they can achieve what they have stated and they will also put $1.125M each of their own skin in the game to exercise these options, money that goes straight into BGS coffers versus calls for them to buy on market.
cheers
For all those that predicted BGS to be dumped on re-listing, can we have another dump like that again today??
@nondiscrypt my shout this time for the Grange
