Bema(Bgo) and Arizona Star Message Board

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

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To: Terry Swift who wrote (8088)	10/27/1997 11:01:00 PM
From: Gold Panner	Read Replies (1) of 10482

Regardless of how the markets were... This could and probably was another non-event event for BGO (please don't flame me.. but this is just my gut feeling...). The stock probably would have tanked anyway becasue of sentiment, POG, management. We (BGO/AZS) lost control over not just CC... but all of Aldebaran... it seems to me that PDG still has some lingering doubts about CC's economics... they haven't really committed fully to the project yet... look at all those conditions in the news release... it seems like they could walk away from this project if they wanted to, if they didn't like what the figures are. What a small price to pay for control of Aldebaran. This seems to have been very strategic for PDG, this was a real good deal for PDG... essentially they probably have the heads up on others who may also be interested in Aldebaran. Whoever said that this was insurance for PDG was probably right if this has locked other majors from looking at this project. I too am interested in knowing if in fact that other suitors are allowed to bid also... That $20mill that PDG has given us seems to be reimbursement for the exploration we were doing on CC for them all these years. Do we still get to vote on this "deal"... it never mentioned anything like there being a need for shareholder approval... in the news release it seems like it was a done "deal" in which we were "done-in". It definitely will be many more years before AZS moves out from Penny stock range again. What reason would BGO want to merge with AZS and ECM? Speaking of ECM... what happened... it didn't seem to tank today... unless my quote site is incorrect... could someone provide some insight/analysis into ECM?

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