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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: virginijus poshkus who wrote (8280)11/3/1997 5:52:00 PM
From: Robert Salasidis  Read Replies (1) of 10482
 
I coulnd't resist the % differential in price between AZS and BGO today. I sold some of my BGO and bought AZS. I managed to get some free cash in the process, hold the same amount of the CC deposit, and get some capital losses to decrease gains from other sales.

I think the main problem with the shaes at this point is that should the POG decrease further, PDG may back down from going ahead with a mine which would further hurt both stocks. In the meantime however, AZS/BGO get a feasability study that they could always use down the road.

Question - if PDG backs down from developing a mine, do they still own half the deposit, or where there time limits imposed in the deal?
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