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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Feline who wrote (8666)12/12/1997 2:06:00 AM
From: Terry Swift  Read Replies (3) of 10482
 
I believe Bema would love to acquire its subsidiaries down here but in this market climate the wailing and gnashing of teeth (and potential lawsuits) from the AZS holders who were planning on C$20-25 for their shares would raise so much hell Bema won't attempt it until prices improve. I agree with you that AZS will move to a premium over Bema (its far more undervalued) and Bema will have to pay up to acquire the 67% they don't own but they will have much happier stockholders than if they took them over down here. Ditto ECM.
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