BGL 1.55% $1.31 bellevue gold limited

Ann: Trading Halt, page-49

  1. 3,476 Posts.
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    surprised by CR however when i now think of BGL going to a third party for potential milling of stockpiles that that may have been the signal that they felt they needed some cash to cover construction before they got to producing - the statement that they had sufficient funds to get to production is still valid of course, - they may well have had $1 in the bank as the gold poured out - but as prudent managers they preferred to have a buffer - so that is what they are doing and the language of accelarated mining and exploration etc is masking the real reason for me. they did not lie merely people mis interpreted it to mean no CR as i did
 
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