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

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To: ken ha who wrote (56)8/17/1996 7:08:00 PM
From: Anthony Wong   of 10482
 
Ken, thanks. I read this too. Have you read the Globe & Mail article on Bema today (August 17)? Some important snippets of info from this article:

1) Brenden Kyne, the Canadian portfolio manager for Driehaus Capital Management Inc. of Chicago, aid that his 20/20's Aggressive Equity Fund has become one of the largest shareholders in Bema, aggressively buying shares during the past week leading up to the release of the latest drilling results.

2) Both Bema and mining analysts from Yorkton Securities said this week that the latest drill results make Bema a tempting takeover target.

3) Richardson Greenshields (securities firm) said the shares are "fairly priced" at $11.50, and that it would take 6 to 12 months of drilling and metallurgical work to assess the deposit's full potential.

Anthony
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