Friday, July 8, 2011

Casey Research pump jobs and smearing: How Gold Bullion Development Corp (GBB.v) and Bayfield Ventures (BYV.v) use the same BS

We've done quite a lot to highlight the case of smearing over at Bayfield Ventures (BYV.v) recently, with this post one of many. So when the following mail plopped into your author's mailbox this morning, it seemed best to share with a wider audience:
Hi Otto
Just read your blog entry about the BYV smearing issue. About time the BCSC reacts.
The BCSC should really look into another Casey pump job - GBB, Gold Bullion Development Corp.
Eye through some of their drill results and boy do they know how to make worthless rock look okay-ish.
Case in point, drill hole GR-10-173 - 80m @ 1.36 g/t (from 253 m to 323m depth). But take away that 1 m intercept at 322m depth grading 89.83 g/t and you're left with a worthless hole.
and lots of others.
Especially of interest should be the following release, considering hole GR-10-55 where GBB doesn't seem to report the short, high grade interval(s):
Maybe you could highlight this on your blog?
Best regards
Yes indeed kind mailer, we can highlight this on the blog. 

So in an amazing turn of events, we have two companies, Bayfield Ventures (BYV.v) and Gold Bullion Development Corp (GBB.v), that use the same technique of smearing to make mediocre drilling results look good. And it just so happens that both these stocks have been pumped like crazy to a naïve world by the bullshit hype merchant Louis James of Casey Research (check here and here for the background to the Casey pumpjobs on GBB.v, noting how first Lobito tips off the premium customers of Casey and then gets the lower-level higher volume Intl Spec subscribers into the stock later...another scam laden modus operandi at the little shop of horrors).

So BCSC OSC and all your merry friends, you've clamped down on Bayfield's bullshit and maybe just maybe it's time to take a good look at this other operation doing the same thing over at GBB.v? And while you're at it, if you really want to clean up the street it really is about time you looked into the common denominator of these scams. If you need a hint, they work out of Vancouver and their boss just loves Argentine real estate.