SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Baba 2 who wrote (289)9/23/1999 5:14:00 PM
From: Brian MacDonald  Read Replies (1) of 922
 
Baba2,

I think the reason we saw the stock decline today was that some 'speculators' would be unhappy with this arrangement as it is not the 'buy-out' they were looking for. Hence they would sell on such news.

This agreement, however, should put a floor on the stock as there is now reason for hope that BUI will be proven to be the monster deposit we all hope it will be. Prior to this agreement, however, BGI seemed to have few options and cash was getting dangerously low. They are now again viable and able to see their programs through to feasibility on BUI.

Notice also that Denis Simoneau states, "we are confident that possibilities exist for similar arrangements elsewhere on the remaining 190 sq.km. Dunkwa property". I think that this is probably already in the works and will soon be an agreement - likely with GSR.

Looks very positive. Although the recovered gold is not going for big bucks, it's a fair price in today's market since Ashanti is bearing all of the costs and risks.

Brian
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News