Birim Goldfields Inc. (BGI-T) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Barracuda™ who wrote (486)	2/13/2000 3:55:00 PM
From: russwinter	of 922

By selling Geita and their other Tanzanian holdings for cash, and using those proceeds to buy back their exposed short calls positions and the in money, short dated forward sales. They can make delivery over time from production on the remaining forward sales as they come due. I guess the question is would that be enough? We will have to see what they get for Geita. If not then we could see Siguri in Guinea sold, then the various smaller Ghanan assets (Ayanfuri, Iduapriem, and Bibiani). The jewel of the company Obuasi would go last, and the Mampon contract with it. Whatever the final solution is ASL comes out smaller and more solvent, or the jewel passes to other hands. Just quitting on Obuasi and by extension Mampon is not an option for ASL or ASL's creditors. So anybody selling BGI because if it's association with ASL is completely missing the key variables.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next