Prior to the JORC

For those that aren't up to speed, or have wandered in after the latest "Age" news article or presentation video here are some of the announcements/time line that may make you want to delve deeper with your own research.

The top 20 shareholders holders (ungrouped)  have 36.7% with the substantial holder (Gas Super Fund) holding approximately 9.5% (after they sold some off recently)
http://www.asx.com.au/asxpdf/20160930/pdf/43bms6pf4wp0yl.pdf (page 57) prior to this there was a company presentation which showed the T20 share holders (grouped) holding 50.9% and management holding 6.5%
http://www.asx.com.au/asxpdf/20160615/pdf/437x4k01slkhx3.pdf (page 3)
Further to this (but unsubstantiated) IMO the long term holders outside the T20 would conservatively hold a further 10% - 15% of the registry.

BGS made the "Bougouni" Li acquisition back in March this year for a sum of US$40,000 dollars with a further payment of US$200,000 to be made at commencement of commercial production of the permit area.
http://www.asx.com.au/asxpdf/20160302/pdf/435jsgwyt82hdh.pdf
Unfortunately (or fortunately, depends which way you look at it) our original substantial holder, Sprott Global, decided to sell out of BGS, there is only speculation as to why but IMO I still maintain with their options they will be back in the game at some point (possibly when there is a deal for our gold)

Prior to the Li acquisition, BGS was basically just bidding time / digging around our gold tenement / and waiting for Randgold's "Morilla" mine to be exhausted of prime feed but this has taken a little longer than originally thought, (it was from memory suppose to run out of feed 2015) As we waited for either a JV, or a toll agreement (all IMO) some initial work had been done re: Haul road, and initial EISA (but haven;t heard anything on this for some time)

Drilling started in May quickly followed by an Initial Exploration Target
http://www.asx.com.au/asxpdf/20160512/pdf/43763sln0j97m0.pdf
An update was released to market on 3rd of June

http://www.asx.com.au/asxpdf/20160603/pdf/437nydwhdyvnt3.pdf
Quickly followed by a further update
http://www.asx.com.au/asxpdf/20160628/pdf/4385nmsfjzb14y.pdf

12th July saw our first results which were encouraging (no fluff/bells and whistles with our MD) just says it how he see's it.
http://www.asx.com.au/asxpdf/20160712/pdf/438hvsjwxbfw6t.pdf
followed on the 21st July and the 28th July which exceeded expectations
http://www.asx.com.au/asxpdf/20160721/pdf/438psrfz7jpvyh.pdf
http://www.asx.com.au/asxpdf/20160728/pdf/438w4mdvtx33kc.pdf
A further high grade Li zone was discovered with in the project area and announced on the 11th August
http://www.asx.com.au/asxpdf/20160811/pdf/43977j86x3y9fx.pdf
A drilling announcement extending the New high grade extension on the 31st August
On the 28th September an announcement to the market was made that drilling extends the high grade extension at depth. The last announcement to market was further broad, high grade intersections at the West zone.

Li project presentation update was released on the 2nd August with time line for JORC, scoping studies etc
http://www.asx.com.au/asxpdf/20160802/pdf/43911l957hw728.pdf
with another update following 10th October
http://www.asx.com.au/asxpdf/20161010/pdf/43bvcwsckgwwgy.pdf

COMO Engineers have been engaged to determine processing parameters and estimate capital costs, Cube consulting and CSA Global have been engaged to undertake an independent resource estimation and preliminary economic mining study. Digby Wells has been engaged to undertake initial social and environmental assessments which will allow them to prepare a Terms of Reference for the ESIA.

In amongst all that we have also had a Non Renounceable Rights Issue under written by Merchant, who took up the unsubscribed listed options as well,, a placement to Merchant / Hartleys and at last report have over $8m in the kitty.
Not to forget the 3 amigo's that have been travelling around the globe doing stuff on our behalf, I think, well the have been engaged as consultants

And the share price has gone from a low of 6c (post consolidation** and Li acquisition) to a high of 50c (Sept 28th) and everywhere else in between, and currently have 194 million shares (fully diluted)

All IMO and whatever, I was bored with the last title

AND WE WAIT FOR A JORC ANNOUNCEMENT

** BGS consolidated its registry on a 10 - 1 basis

AND THEN THERE IS THE GOLD, another story next time im bored lol lol