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Bonanza Goldfield Corporation Message Board

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  • wcoastguy2008 wcoastguy2008 Apr 12, 2012 10:54 PM Flag

    Out Of Nowhere Bashers R Looking for Cheap Shares

    It is disappointing that the gold forward financing program hasn't succeeded in raising sufficient capital. The conversion price under that program was 3 cents per share.

    Now we are finding out that the company is offering shares at half that price.

    We were told that the company would make every effort to avoid additional dilution. I wonder how many additional shares will be sold at .015.

    Time for the company to get the facts out to the shareholders instead of finding out piece meal from Benchmark or on stock boards.

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    • I suppose there may be a connection to Cao and China since China's demand for gold is sustainable for quite some time into the future. That is why you won't see gold prices drop even if the US economy improves. The Chinese middle class is growing providing the demand.