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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: jacq who wrote (361)10/14/1999 9:57:00 AM
From: Brian MacDonald  Read Replies (1) of 922
 
jacq,

Ashanti, or any company that takes over Ashanti, needs the oxide ore to keep that mill running. Politically, this deal also needs to be done as it impacts on the lives of 1,900 workers at that mill. I know it's a small deal for a big company, but it does have immediate benefits to the 'large' company - as well as to the workers in that area.

I think that is the reason why we have been seeing more large buyers of Birim stock in the last few days. Some analyst(s) must think that BGI is in a 'no lose' situation and that they would in fact stand to benefit even more if the deal with Ashanti fell through.

To me, it's moot. I think that a 'bird in hand' is better than 'two in the bush'. Ergo, Ashanti will find the money.

Brian
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