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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: charred who wrote (7912)10/22/1997 4:52:00 PM
From: james flannigan  Read Replies (3) of 10482
 
Charred I have always been a beliver in azs bgo, until today. After talking to my NB broker today he told me that NB was recomending the
stock up till a few days ago, but now the view has changed due to more information they have regarding recovery rates at CC. He said that the rock is not as leachable as they once thought, therfore the deposit is in question as to if it is posible to make money with the low grades
and low recovery rates.I think givin the fact that nobody has steped up to the plate this late in the game with no offer, speakes for its self. If the economics were there this thing would have been sold along time ago,as we know the standstills do not prevent a friendly take over.I hate to say this but sombody is going to loose a lot of money when the standstills run out,and nobody is at bat.
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