Earnest DD, you may consider the mining propsect Moose Pasture, but to be objective :
-IF the claims are in the area described there may be some potential for gold.
-IF the agreement BTDG has signed doesn't have any clauses that would preclude them controlling the property.(Since BTDG CEO apparently has little understanding of business law it is doubtful that the agreement doesn't have some flaws)
-IF BTDG CEO has the ability to actually implement an agreement. (past record not too promising)
-IF BTDG is claiming 1.5 million ounces of gold reserves , then whomever doing a merger agreement either (a) doesn't care (b) BTDG has a secret report showing gold reserves (c) BTDG has been quietly drilling the property and has tremendous results that they are carefully waiting for an analysis to be conservative before releasing, and the acquiring company is aware of these results ( all of these of course unlikely too).
-IF Wilma and Sinocan in their due dligence are comfortable that BTDG has disclosed all liabilities ( Which we all know is not the case)
-IF Wilma and SinoCan actually have the financial resources to buy out BTDG at $.04 per share in this "definitive merger".(Unknown)
There is also the minor matter of the takeover offer. Even though BTDG on the pink sheets it probably has a distribution large enough that this would require an SEC filing for the buyout, due to number of shareholders. Even though it is portrayed as a cash offer, would probably require an SEC filing. That filing would require certain disclosures to be made etc. Does anyone on this board believe that CEO and in particular CFO of BTDG has the ability to supply such information ?
So a lot of questions that raise on the surface substantial doubt such a merger could ever take place.
With all due respect though, mining companies buy and sell claims all the time without proven reserves.There is nothing to say that this is or isnt moose pasture at this time.
My prediction ? That BTDG will announce some deal with sinocan or the collapse of the deal, accompanied by a filing and press release that will be perhaps one of the strangest in the history of pink sheets.It will be portrayed as the fault of someone : sinocan, firmagold, the chairman, the CFO, world financial markets, events in Libya, short sellers, gnomes of Zurich.
