Replies to post #18044 on Value Microcaps Junior Miners

[GoldenKnight]

BGM.V I think will be the big winner after a long string of losers working the old Cariboo gold rush area. They have consolidated it all.

CEO recently bought stock:
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=wyg

Their market cap is only $30m. They do have mine startup risk (February) and it's unclear how skilled of operators they are.

It took $40m to build the QR mill that they recently acquired (Kinross built it) and almost another $40m was spent on further development.

My first buys:
Filled Buy 100 IWGFF Limit 0.6965 -- -- 14:14:45 01/07/10
Order No. 5930976311 -- Entered:14:14:42 01/07/10 Reuse

Filled Buy 500 IWGFF Limit 0.6965 -- -- 14:14:44 01/07/10
Order No. 5930976311 -- Entered:14:14:42 01/07/10

Filled Buy 2500 IWGFF Limit 0.6965 -- -- 14:14:44 01/07/10


The CEO has been working the area for years and has taken lots of heat but it appears they are finally in a position to capitalize from all their work.



http://www.google.com/finance?q=cve%3Awyg

http://www.barkervillegold.com/s/Home.asp

[Lone Clone]

IMO here's all you need to know about WYG/BGM.

Check out the record of insider sales and the not one, but two 10-1 reverse splits. Management has been piddling around in Barkerville for over 10 years without achieving much except pumping out huge amounts of paper to insiders.

That is not to say you might not make some money playing the cycles, but be very very careful. Delivering value to shareholders is not a concern for this company.

LC