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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: The Barracuda™ who wrote (741)3/27/2002 1:27:15 PM
From: russwinter   of 922
 
The owner of the convert is Ashanti, who is also a shareholder. I very seriously doubt if they are in engaged in an arbitrage.

If anything is holding BGI down it is the "Ghana time" slowness of their initial Mampon royalty payment from ASL. I now also believe Simoneau has been remiss in realizing shareholder value. IMO this company should be sold at a nice premium to the highest bidder: Golden Star, Ashanti, perhaps Repadre. Even ABX or AU might use BGI as a toehold in Ghana.
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