Before any ridicule (as commonly seen jibed at posters) be assured I have checked the Terms of Use and found no requirement to hold stock or minimum number of prior posts as pre-requisites to posting.
Ryobal, firstly well done ‘keeping it real’ here’s a few more facts for you (where others are touting agreement imminent but may not have read, or perhaps conveniently overlooked):
“Birimian Gold Limited and Société des Mines de Morila SA, in conjunction with Randgold Resources Limited, have agreed the following terms…”
“completion of a positive Feasibility Study.”
“work jointly on permitting any ore body discoveries that will be processed through the
Morila Treatment Plant.” (announcement 27 June 13 Birimian And Morila Enter Into Memorandum Of Understanding)
- No company information provided indicating commencement of Feasibility Study (even if jointly completed/paid for by the MOU signatories still requires a positive outcome)
- No Company information provided indicating commencement of permitting.
“the Company has commenced preliminary metallurgical studies on mineralised material from Ntiola and initiated an environmental and social assessment
in the Ntiola area. The results of this work will provide substantial baseline information should a decision be
made to further advance economic evaluations at Ntiola.” (Annual Report 30 June 2013)
- No company information provided indicating they have decided to “further advance economic evaluations at Ntiola”
- Any economic evaluation or Feasibility study could only be supported with a JORC compliant resource
- Feasibility Studies are not cheap (even Preliminary)
A few posters appear to have fallen in love with this stock (possibly even the ’Great’ man himself), believe themselves to be bigger than the market and quite remarkably think many make financial decisions based on anonymous unsolicited comments on a public chat forum.
BGS Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held