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

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To: Eric Rojas who wrote (123)8/31/1996 12:55:00 AM
From: LaFayette555   of 10482
 
Eric, sounds like I have touched a raw nerve here!

The most ironic part is that my "reliable source" is actually WOOD
GUNDY which you mention as reliable, at least we agree on that!

You must be talking to a 'salesman of the day' cuz obviously you are not
aware of the conference call Wood held on Bema last night, or are you?

During that call they stated that production costs for the deposit would
be in the $ 340 us/oz (I am in no position to dispute these numbers
and neither are you) to conclude they downgraded the stock.! You have some reliable sources my friend! obviously they let you donw this time.

Please explain 2 things to me:

- why cant I find gold on top of a mountain especially in a porphyry
rock type zone?

- "the elephant gets bigger and bigger" and the stock lower and lower
on huge volume. Rings a bell? How do you account fot that?
All these sellers are fools to you I suppose! Looks like an elephant
indeed to me!

An old trader ( from Wood infact) once told me: " Never let your position influence your jugement" Wise words indeed.
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