Bema(Bgo) and Arizona Star Message Board

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

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To: Bobby Yellin who wrote (26)	8/15/1996 11:10:00 PM
From: Anthony Wong	of 10482

Bobby, perhaps you have made a good move in selling Bema today, if you managed to sell it above US$9. You should be able to buy it back at lower prices during the next few days. Bema has been accumulated by institutions; there were big block trades at the TSE during the past two weeks when the stock hardly moved. Yesterday there were 3 block trades at the TSE totalling 2 million shares. What with the share price of senior and medium size gold producers hardly moving, institutions (such as mutual funds) would have to find some juniors to invest some of their money to boost up their fund's performance. Bema will definitely trade much higher a few months down the road. It's difficult to give it a fair market value now, but if positive drilling results keep coming, who knows, it may become another Arequipa. Anthony

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