Bema(Bgo) and Arizona Star Message Board

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

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To: Bobby Yellin who wrote (515)	10/25/1996 4:48:00 PM
From: Ron Pitts	of 10482

To all BGO/AZS investiors, I cannot respond to all the e-mail in regards to my post #463 last night in regards to how I "knew" as some put it that the market would have a negative view of the drilling results for BGO/AZS . So Ibeing a poor typer and speller will try to explaine my thinking when I posted to Francois Pigeon at the time. First I have no doubt that BGO/AZS are onto a huge find here. My concern after reading the drill results last night were these: 1 gold buillion is not giving us much help, 2 the market price in the speclitive past had aready factored in a 15 million oz. reserve. 3 the drill results were about what I expected as for the most part they were not at debth,and were around the primiter of the known deposite. 4 the drll results did in fact go a long ways in proveing up the 15 million oz. BUT that to the market was a given even if in reality it was not. The market as a whole was not looking to confirm reserves it had already given credit for, but Rather to "show us more'! We want our 30 million + oz. now! and confirmed now! Double on this one drilling what we know (or think we know) or to hell with you! I'm no gure(shit can;t even spell it I don't think) but in light of what the market needed to hear in light of Brex in tax selling time it was a well fairly easy call.( by the way I was not so sure as to sell my posission out the other day but did not buy any more either.) So whats next ? for what it is worth to anybody hers my take. 1 this has NOT hit bottom yet because we now have for manny investiors a tax loss at the time of year they are agoing to use it. I say this regardless of the fundimentals of the 2 companys. If you have any dry powder left the next few weeks should offer you one hell of a great buy!!In case I am wrong here I bought azs. to day at 7.60 Canadian but not a whole lot as I think the price will be lower. Please make no mastake of what I feel in the next year both companys will see 20 US. in my mine and at that time I guess a buck or so now wont:t make all that much differance as over the next year you ,we will all be deeeeeeeep in profits!!Ps. coper futures are up today and for you know who long term this is very good and if it holds will add greatly to inhance the economices of the project!! Go,Go,Go BGO! (and star) Respectfully yours Ron Pitts

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