Barkerville facing renewed court action from Harbour
2013-04-10 13:52 ET - Street Wire
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The stock was suspended EIGHT months ago, and once in a while we get a press release from Frank that he is still working on resubmitting an acceptable report to the BCSC. How long does it take to drill two or so more holes to verify the claims? Most other companies accomplish that in a couple of weeks.
Obviously something is very fishy and reminds of the BREX calamity. If you ask me, Frank should be more investigated than simply asking for a comfirmatory report, which hasn't materialized in over eight month. Just stalling for time and hope shareholders will forget. My hope is that he will be run "out of the company" at the upcoming general meeting.
Posted by
OPA at 2013-04-10 21:51
OPA YOU do know where the property is located dont you? Drilling in the winter is very expensive for 2 holes. A better solution would be to reclassify various parts and down grade all the classifications to "indicated" if necessary. The stock would have resumed 8 months ago had they done that. If they want to drill they are still 2 months away from getting onto the property
Posted by BS at 2013-04-11 14:44
CFO took about that long to straighten out their mess . Apparently it's too much to expect that these guys know what they're doing , to justify their fat paychecks and generous stock options . No wonder support for TSX-V ( AKA the Ad-Venture exchange )companies is at an all time low. The TSX-V has been denigrated to the same status as the " Pink Sheets".
Posted by Gregarious at 2013-04-11 14:58
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