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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Tomato who wrote (10223)11/10/2000 8:04:21 PM
From: Syncrude   of 10482
 
Tomato,

No harm done!

I think, and this is my opinion only, that BGO has been in difficulty for some time already. It is in the process of selling El Callao. Refugio going on ice. Investments in Russia might turn out to be difficult to protect. AZS plans still not announced. Gold price outlook very uncertain. Management remuneration might cause new investors to hesitate before speculating. The list is long.

As with many other gold miners, they are facing a steep and bumpy road up ahead.

As you can tell, I am biased and am not a fan of BGO management.

I will leave others to comment with more up to date views.
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