Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Terry Swift who wrote (8123)	10/28/1997 8:02:00 PM
From: Bob Hack	of 10482

Terry, You wrote: >Placer knows whats there and any takeover attempt by another company would undoubtedly lead to a competing bid by Placer and I would not be surprised, if that happened, to see Bema and Star turn to Placer as their 'white knight' and arrange a friendly merger. Of course, Placer would have to equal or exceed the other company's bid or it would never be approved by the stockholders but I believe they would. >Placer needs these ozs and I'm convinced they know whats there. The signing of the official contract is just a formality. With signed memos and letter of intent in place this is a done deal. Normal business procedure! There can be no competing bids. Shareholders cannot sell a better title than what they have got, and they have signed away 51% of the properties and thats it and that's "controlling interest." About the only "revenge" any disinchanted shareholders have left, is to vote Clive out into the Canadian winter! Cheers, Bob

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