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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Jason Marcotte who wrote (95)8/27/1996 3:45:00 PM
From: Anthony Wong   of 10482
 
Share price of Bema will likely drift down some more in the next few days before further drilling results are out (next week?). I plan to pick up some shares when it is under C$11 or US$8 to add to my small position. Many people expect gold stocks, especially middle tier ones, to do well in the last quarter of this year. Bema is now in this (medium size gold producer) category. I really don't know how Bema's stock price is going to react even with postive drilling results; it depends on how high the Street's expectations are. In the long run however, it should go much higher. I recall Arequipa's share price had gone down to as low as $15 something before it was taken over at $30. It tells you how quick people's perception can change.

Good luck.

Anthony
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