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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: grampa who wrote (10243)4/4/2001 11:29:14 PM
From: baystock  Read Replies (1) of 10482
 
<<In light of the planned suspension of mining in May, the Company has renegotiated the Refugio Loan repayment terms with Barclay Bank PLC and will use a portion of its cash proceeds to repay US$7 million of the loan
during 2001 leaving US$5 million outstanding by year end. Based on current cash projections it is not anticipated that the Company will require any further financing in 2001.>>

I would have prefered if they just told us what their working capital is and what their debts are and let us make our own judgement, rather than rely on the opinion of managment who have been wrong many times before.

Also I wonder if managment is still raking in the big bucks during these hard times for shareholders.
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