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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: IngotWeTrust who wrote (8164)10/30/1997 1:34:00 PM
From: the Chief  Read Replies (1) of 10482
 
Part of my ageing process I guess, + looking at a 2 inch screen for 72 hours straight can cause dents in your brain. Its been a long and nauseating process for all of us. BGO was the stock that Bre-X was hyped to be. Then crud happened. Its disappointing even if you don't hold shares as far as I am concerned. Every "big" failure jeopardizes every penny stock you own from getting financing when it needs it. BGO did no favours to the mining world IMHO.

My impression is that BGO would have been better off announcing that it could not accept any agreements on the property and therefore would do the BFS itself. Short term hit on the share value (no more than it is now) and in 18 months the market might be more receptive to a CC deal.

Lastly, I adjust as much as I can (within reason) to every piece of news, sometimes its good, sometimes its bad. Good news may make a $5.00 stock go to $6.00. Two days later it might not be "worth" $4.00 On that basis right or wrong I try to evaluate a stock for its "present" value rather than its "final value" which ultimately may be 1/2 a Bre-X share".

Honestly, I enjoy your wit, and knowledge but, sarcasim can be a little heavy sometimes. No hard feelings intended.

the Chief
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