Hi TTU,
Hope you and your girls are well.
I'd like to give some perspective on the last couple of years.
Firstly shareholders and Hot Copper posters and readers know that Mali have some sovereign risk issues along with all African, South American, European, Middle Eastern, Australian etc etc countries.
The reason we know, is that KH'S have been posting here about it for 2 years.
BTW most of these KH'S left the building with Elvis between .10c and .20c.
We all GET IT. Something may happen in Mali that is not good. As Homer would say DOH.
Putting aside the down rampers, manipulators, KH'S and traders the following is where we are at.
1. Gold deal needs ratification by PM. That triggers the US$1m payment and royalties. Who cares if it's a starting at 60,000OZ or up to 400,000OZ.
Money in the bank and no cost to BGS. Aeromag, Further drilling and tenement assessment underway.
2. Lithium needs 40mt in reserve category to sustain a 2mt PA mine for 20 years with viable costs and sales price. Underway.
3. JV partner to finance the mine and plant with BGS retaining control of the deposit and mining. Underway.
4. New MD with Mine building experience in Africa. Underway.
5. New lithium targets and tenements identified. Underway.
6. Gold assets spun out into a new company to reflect their true value that is not being recognised with the lithium assets. Underway shortly imo.
7.
@boy1 and myself are in frequent contact with the majority of the top 100 shareholders who have either increased their holdings or have not sold any significant number of shares.
8. The management of this company is now in safe and reliable hands who know how to increase shareholder wealth and do deals that will benefit shareholders who are long term holders.
9. New institutions continue to enter the register in a substantial manner.
10. The Directors interests are now aligned with the shareholders.
11. $12 million cash in the bank with more to come.
If the above doesn't excite the true LT holders I don't know what will.
All I can say in conclusion is that regardless of market gyrations, sovereign risks, nervous nellies and manipulators, is that I would prefer to be a BGS holder at this moment in time with this management team and in this exciting sector than any other company.
Anyway Good Luck to all LT
(20min delay)