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What is recognized as a “reserve” and “resource “ under SEC:
Brookmount Explorations Finalises Acquisition of Canadian Based Gold Project https://www.otcmarkets.com/stock/BMXI/news/Brookmount-Explorations-Finalises-Acquisition-of-Canadian-Based-Gold-Project?id=323800
Definitely curious as you say. May be an email to investor relations can straighten this out ( I just sent an email to them). How about this press release that emphasizes the Moosehorn project in more detail? https://www.globenewswire.com/en/news-release/2021/12/06/2346710/0/en/Brookmount-Explorations-Inc-Finalizes-Development-Plan-and-Budget-for-Expansion-of-Canadian-Drill-Program-and-Preparation-for-Production.html
...The Moosehorn property, which comprises 4,300 HA of high-quality gold area, has to date, a confirmed NI 43-101 resource of 39,000 oz. Au. and The Company is planning to extend the drill intensity and depth to upgrade the confirmed resource to 100,000 oz. Au. Additionally, a plan has been drawn up to upgrade and complement existing on-site infrastructure and hire additional workforce to prepare Moosehorn for initial production commencing in 2022 at 4,000 oz. Au p/a, increasing to 15,000 oz. Au p/a in 2024. Total cost for both drilling and production roll out has been estimated at $5.5 million. The Company is planning to cover the projected costs for the drilling and production plan from proceeds of a funding facility currently being finalized.
In reflection of The Company’s’ presence in the North American market and its intention to further expand in that region, Errin Kimball, a highly experienced Canadian based geologist and mining engineer has been appointed as Executive Director, North America, with additional responsibilities for The Company’s’ global mining operations.
In announcing completion of the Moosehorn Development Plan, CEO, Nils Ollquist commented: “We are pleased to be launching the Moosehorn project prior to the end of this year, so we can target initial production in 2022. In light of the high latitude of the Tintina gold belt, it is important to take advantage of favorable weather patterns, and we can focus on installing heavy equipment during the 5 months or so before March 2022 and plan to commence production in the summer. The Board is confident that the Moosehorn project will add both to Brookmounts’ balance sheet strength, as the 43-101 resource is increased through the drill program, and our operating results from Indonesia enhanced as revenue from production comes on stream from 2022 onwards.”...
Also, one of the latest press releases: ...Mr Ollquist concluded: “Our efforts over the past 2 years to refine and develop both our strategy and our operations are starting to bear fruit, as our audit nears completion and initial production in Moosehorn is commencing. We will continue to expand our operations base as
excellent opportunities such as Atlin are identified”... https://www.otcmarkets.com/otcapi/company/dns/news/document/61378/content
Why I believe BMXI is going over 75 cents and share, share reduction will happen and uplisting to a higher exchange is going to happen and soon.
BMXI will need to raise more money for their Moosehorn Gold Project. Their goal is to bring this project on line ASAP to tap into the cash flow from mined gold. 43-101 estimates 39,000 ounce of gold can be mined. Addition exploration is needed to prove up to a total of 100,000 ounces of gold from Moosehorn. Investors will want a return on their money and BMXI will need to shore up stock price and move to a higher exchange to increase cash flow and pay off investor and financial backers. The impetus is on BMXI to execute a plan to raise the share price for investors both insiders and retail. Once on a reputable exchange, institutional investors can come on board too. IMHO!!!
From BMXI website:
... Existing gold reserves have been partially surveyed under 43-101 requirements, resulting in a current estimated total resource of 39,000 oz au. Brookmount intends to continue the drill program early next year, to bring the estimated resource to 100,000 oz.au. and has assembled a preliminary budget and plan to bring the project into initial production by later in the year. To that end, The Company has committed to inject additional funding of a minimum $1.5 million to meet projected drilling and rollout costs in addition to approximately $1.6 million in deferred cash obligations arising from the purchase and is in the process of arranging for institutional funding lines to support this process...
https://finance.yahoo.com/news/brookmount-explorations-finalises-acquisition-canadian-133000270.html
I agree. A move over 75 cents a share for insider holders of restricted shares will happen and soon. Restricted shares are waiting for the A/S reduction and filings to move to a higher stock exchange. I personally think it will happen, before the new year. imho
8/34 daily sma cross coming up...MACD and RSI turning up. The stars are aligning again. imho
3rd qtr financials adding more fuel to a solid move up on a very undervalued stock in my humble opinion.
BMXI unrestricted 19,553,206 10/17/2022
https://www.otcmarkets.com/stock/BMXI/security
Either one or both press releases and I be richer that is for sure.
Train about to leave the station looking at level 2 action. imho
BMXI sales grew by 30% in the 3rd quarter 2022. Please read the earnings report below. We thank the Brookmount community for the support. https://otcmarkets.com/otcapi/company/dns/news/document/62434/content $BMXI
Quarterly Report For the Period Ending: August 31,2022
https://www.otcmarkets.com/otcapi/company/financial-report/348894/content
Someone did. More than one insider/investor was involved too. Reason for the meteoric rise to 40 + cents/share. I believe it will happen again too. I still believe a move to 75 cents a share and more on the next press release news. Again imho!!!
Still looking for news on these developmental fronts from the company's website:
Recent Developments
Moosehorn property initial production (bulk sampling) run - Announced
Authorised Capital Reduction - In Progress
3 Year PCAOB Audit - Near Completion
Acquisition of Alaska Project - Completed
https://www.brookmountgold.com/investors
In my personal opinion the next move up will pass 75 cents a share. Restricted shares are sitting waiting for a pay off. I'm holding on the possibility of this happening. My casino money is riding on this one. Win or lose stocks are a gamble anyway. Good luck to all
I think a good BMXI press campaign would be the most effective way to sell shares at maximum effect. This lull is not that profitable, but then again, hungry people will sell valuables for pennies on the dollar too.
So, I wait for familiar cheerleaders to return to posting here. Then get prepared for a ride towards seventy five cents to a dollar a share. It's in the financials.
imho
MM(s) want your shares as cheap as they can get them.
imho
Gold futures bounced off $1624/oz (+/-) this morning and is trying push past $1660/oz. Gold is over sold. A strong move up would increase BMXI's share price in my opinion. A nice profit for some is possible.
imho
Why this dummie is waiting on that elusive mystical 20 dollars a share price. Got to be right around the corner. May be right before Christmas or the first or second quarter of 2023. Hard to pull gold out of the ground in Alaska and Canada during the winter months.
Hard to sell shares, if you do not produce the goods.
BMXI: For investors
Recent Developments
Moosehorn property initial production (bulk sampling) run - Announced
Authorised Capital Reduction - In Progress
3 Year PCAOB Audit - Near Completion
Acquisition of Alaska Project - Completed
Where are the goods BMXI?
https://www.brookmountgold.com/investors
CDEL is on the bid and ask at this time. Got to short that last penny, before the s/p goes up, with a new round of press releases. imho
Got to stay relevant. I'm sure the next pr campaign is right around the corner, just over the hill and across the fence into greener pastures and $$$$$$.
imho
22 years years later and Tony still has not taken this one to the big boards. Busted dreams for a few, but I am sure he made a dollar or two. That is what is important right?
I believe you are confirming a bottom in BMXI. Selling is drying up and buyers are few and far between. Holders are staying the course waiting for the next pr push to commence. The company has to sell shares sooner than later and their private investors and such want a return on their investments. Next pr campaign cannot be too far away. Just need patience in my personal opinion.
Vitamix8173, remember you have to call your broker to have your shares moved back to the transfer agent. It will not get done, without you calling your broker and giving them instructions to do so.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167400858
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167549828
Here are a few links that people posted that helped me out along the way.
Vitamix8173, following instructions, work with your broker, and coordinate with the transfer agent as needed. Followup calls with your broker was a must for me. Our shares were in an IRA. They had to be transferred to a retail account, before the shares were moved to the transfer agent. Once the transfer agent had our share, Peter emailed me and about three weeks later we had money in our bank account. You just have to be persistent and stay on top of your paperwork, broker, and make sure the transfer agent gets your shares. Not that hard, but it was time consuming for me. Got our money a few months ago. It was April of this year.
Good Luck!!
Anyone here thought, about the taxes owed on their stock buy back of LAHO shares? Trying to figure, if this is a long term capital gain? A delisted stock with no value and then a stock buyout of shares that had no value. Not sure how this one is taxed. Any ideas?
Level 2 looks like it is ready to pop higher. Just need some volume imho.
With a small float, I am loaded for the next run up. This current stock price is like a smoldering fire waiting for a good breeze to get new fuel to move this stock higher. One would be crazy not to think this out going forward. imho
You are a magician selling at the top. Congrats to you. Ready for another go with BMXI. They have to have another pr campaign again to sell stocks for cash. It's only logical.
It's golden golden...right?
Personally, I think BMXI has been putting in a bottoming since 09-1-2022. MACD has crashed and RSI looks fine now. Acc/dist is bottoming out as well. Time to mark time or slowly move up without news. Way too undervalued imho. Float is really low so any unusual movement upward by MM can send this stock flying on the least morsel of rumors and impending news. Again in my opinion.
Yep, you might want to own gold for sure. Markets do react to future events. This winter Europe sure looks like an erupting volcano of anger and resentment. Not to mention suffering from cold, food, jobs and deaths. BMXI seems like a great investment for these upcoming trying times. https://www.zerohedge.com/markets/europe-implodes-its-leaders-plan-radical-intervention-including-price-setting-suspending
Float is still very low at 19,283,206 shares. Moves on very little volume too. imho Once volume picks up, this stock is going to fly. imho
Nice 8/34 sma cross ready to move higher on the weekly. Ichimoku cloud on the daily is ready to move higher as well.
Looks like a green market is being made now. May be the seller has finally exhausted their sells. This stock is valued too low imho. Lets trap some shorts. Get momo, fomo, the printing presses fired up and let's get on with a big move up. imho
MM 60k shares at the ask for 9 cents. Get this market trading again!
That's a good question. You should email IR and ask them? I'm just parroting what the CEO said the other day.
MM at 297k plus shares on the bid at 7.25 cents... no sellers?
The CEO stated the other day it will be a task to get everyone together to vote, since people are living in different parts of the world. Listen to the latest presentation for that info.
I think it might take some time to get the A/S reduced, but a press release stating the voting is done on reducing the A/S should raise the share price at some point down the road.
I've got three bids in between $.077 to $.081 for 100k shares. Just in case there is a drop. Always try to pick up shares lower than the ask. Buy low sell high! Might change bids as conditions change. Nothing happen much right now. Bid and ask moving very little at the moment.
I'm looking for a counter trend rally to trap any shorts. MM are notorious for doing this.