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 (8025)	10/27/1997 10:50:00 AM
From: Feline	Read Replies (1) of 10482

The last time that Placer was desperate to increase its reserve base they bought Continental Gold for about $300 million. That property is still in inventory and remains uneconomic contrary to what the management of Placer thought at the time. At least this time the deal is structured as an inexpensive option which will allow Placer to wiggle out without great embarrassment and Willson may keep his job. I'll bet Munk is chuckling right now as the race for gold pre-eminence is over. Do the shorts move from Bema to Placer?

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