Replies to post #9429 on Brookmount Exploration Inc (BMXI)

[modes948]

So they have 'made' over 10 Million in profits over the past few years but their partner has refused to send them even 1 Million not even half a million so they wouldn't have to dilute!
I mean what then is the value of BMXI?
Anyone can do this then in the OTC.I say I have the rights to the profits in a hotel in Hawaii but the profits stay with my partner there until HE DECIDES when I can have it maybe in 20 or 30 years or more.
In the meantime I am able to sell shares based on those profits because nobody knows about the contract I have with my partner that he has the right to never pay me till he dies.I and my shareholders will depend on his goodwill to see even a penny!

[Choi]

Again, the Ceo said there won't be any more issuance of Reg A. shares, and their cash flow in Indonesia are for their projects, but will try and bring that to North America to fund their Moosehorn project...

[Zardiw]

$BMXI Indonesian Operating Agreement Update from Company:

I contacted the company today and received a response:

“Under the original terms of our operating agreement for the Talawaan operation, by far the most significant revenue generator for Indonesia, the majority of cash flow generated is retained in Indonesia, largely to fund maintenance and expansion. This provision was less significant when we entered the agreement over 5 years ago, mainly because operating revenue was only a fraction of what has been achieved over the past 3 years. As a result of incrementally higher earnings at Talawaan, a significant cash surplus is carried on the books of the JV. Since crystallising our North American initiative late last year, we have been negotiating with our Indonesian partner to repatriate funds to assist in accelerating the move to production in Moosehorn and McArthur Creek, which we should finalise before the end of the year.

In the meantime, we are in process of assembling some private equity capital from strategic investors in Canada and Australia to supplement existing cash reserves which are being tapped to commence bulk sampling at Moosehorn.”

We have also created a page on our website with Basic financial stats and Recent Developments – The page should go live on Monday following your advise as you are part of the community.


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