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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: alannoble who wrote (10184)9/25/2000 8:35:20 PM
From: terryswift  Read Replies (1) of 10482
 
Your $2 million every 6 months is proving to be right on. Did you read the Information Circular from AZS dated 9/15? AZS has guaranteed a $2 million loan from CIBC to BGO. BGO management can't just take AZS cash so it looks like they will use it to guarantee bank loans to BGO. When they default, guess who has to repay the BGO loans? I wish Placer would come in and make an offer for all of AZS. We would be in much better hands.
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