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Strategies & Market Trends : Strictly: Drilling II
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To: TheBusDriver who wrote (12073)5/10/2002 10:02:03 AM
From: kirby49  Read Replies (2) of 36161
 
Wayne:

Sorry I didn't reply to your post re BGO shares outstanding as I didn't really have an answer. Don't look at that too much and have in a couple of distant pasts, played Aussie miners, and shares outstanding there are truly outstanding in number.<LOL>.

There is one thing about it, and that's that PP's dilution rates are lower with more shares outstanding. I have held through PP's of MFL and PAA and although there has been some consolidation in price at that time, if the money is being used to advance the company, at least we really know it is an advance, unlike the paper and fiat the techies and derivative players are tied up with<GGG>. So, sometimes, even with dilution, the price will keep rising due to better prospects for the future as is evidenced by BGO this morning.

Regards

Bob
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