Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! Message Board

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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !

AAU 0.380

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Sep 29 5:00 PM EST

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To: Ross Orr who wrote (425)	4/16/1998 4:06:00 PM
From: Syncrude	Read Replies (1) of 552

Hi Ross, Had it been any other company making this announcement, it might have given cause for interest. Since it is Bema, I do not give much credit to management's business acumen. They have given away a fair chunk of Arizona Star's property to Placer Dome, when they had an opportunity to create shareholder value several months before. Instead, while they were telling shareholders that an offer was expected for Arizona Star, insider sales took place. So much for any credibility for them. So the Bema announcement will not create any waves. Armada is in the same position as before, no better, no worse.

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