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

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To: Method who wrote (8032)10/27/1997 11:13:00 AM
From: burner  Read Replies (1) of 10482
 
Can anyone explain the market reaction and decline in share value for BGO &AZS post announcement (without sarcasm, please)?
Does the activity reflect an orderely resolution of covered shorts or simply a reaction to perception of share dilution or "sell on news" mentality? Perhaps the market was hoping for a takeover and this JV eliminates that pricing factor.
The ownership of these two stocks has been exasperating, to say the least.
Dan Byrne
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