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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (6463)	12/30/2002 10:20:54 AM
From: ogi	Read Replies (1) of 39344

Hi Russ: As you know BGI has been a credibility issue with me for some time now. This past year has sealed it for me, no more credibility. However, I am in at a penny less than you and I do believe in the potential for a well funded jr. with a far better shot than most to find a multi million ounce deposit. Now is not the time to sell, I've told myself. What astounds me is, they have had Ashanti's feasibility report for 7 months !!!. BGI's approval of the contained gold estimate in that report would trigger the payment process, but nothing after 7 months. They have been sitting cashless for ages, hamstrung because they drilled away all their money two years ago on the presumption of forthcoming payments. Then they announce 5 months ago a financing SPECIFICALLY FOR DRILLING and NOTHING !!! You can bet that drill money has now been absorbed in mgmnt expenses, I haven't checked though. I think the question is, to what extent are they helplessly at the mercy of Ashanti or to what extent they have been naive and incompetent. Regards, Ogi P.S. Russ I apologize for that ( repetitive) Hunter Dickenson rant a while back. Still believe in my assessment, just forgot I had already regaled you with it.

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