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Tuesday, September 18, 2012 2:32:06 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79591981
Also, you can go to the Mexican Mining Registry and query the titles. You can then verify that BGL was never registered anywhere and the only record of BGL on these titles are of frivilous lien claims which they lost in the Mexican Supreme Court.
You can also read through Bandera's previous Press Releases. They have never updated their shareholders further after their loss in Mexican Court in 2011.
As for what you have posted (the payment schedule), they have never made good on those payments hence defaulted on the option agreement so the agreement is null and void and the Mexican court as well as attornies cited this same view. One cannot simply sign a paper agreement which is what the Option Agreement was, pay only $50,000 against some $9Million and make ridiculous claims in court that the mines belong to them.
Just ridiculous.
$SRGE has surface rights to Cinco Minas which is the reason why they are down there and are currently producing revenues. Without surface rights, no one can be on the property. This is why BGL has not been down to CM in years. Even having concession titles are meaningless if you don't have surface rights.
The Mexican Mining Registry will be updated shortly and we will be able to verify that SRGE has rights to all 13 concessions.
I hope this helps,
BB2.
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