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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Factfinder who wrote (15587)4/20/1997 8:38:00 PM
From: Bill Jackson   of 28369
 
FF; Arequipa was the deal that B arranged that financing for. And after it was done they has used $600M and had a reserve of $400M. This current crunch has produced man bargains and B is refilling it's war chest, back to 1$B, for whatever. It may be for BRE-X, but in my opinion it would not be enough, as if they made an offer the price would soon go to $15-20 as everyone and their dog got into the act and bid up the stock, as all would now know it was real. They would all want $$. 1B$ not enough. So it must be for BEMA, PFG, ME or some other prey.
Bill
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