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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: IngotWeTrust who wrote (8031)10/27/1997 11:00:00 AM
From: Method  Read Replies (4) of 10482
 
Granted, this deal is not a great one for Bema and Star; however, it is better than no deal at all. What the deal will do is stem the amount of cash flowing from BGO and AZS into the project for exploration purposes. BGO will become profitable on Refugio again starting next year and the combination of that and the deal will lead to positive cashflow and earnings. This may allow BGO to trade higher. We have to be realistic the price of gold is weak and BGO had to take what it could get.
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