Canadian Oil & Gas Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Saunders who wrote (5508)	10/21/1998 3:33:00 PM
From: johnlag	Read Replies (1) of 24892

Regarding BZG I would do some serious due diligence on this dog if I were you. I've owned some before at $3.50... With the amount of debt out, Benz had better start putting some serious production on line. They are already way over a year late on previous expectations of production/cash flow etc. They have been promising the moon for some time now. I would estimate with the latest round of financing....US$27.5 in convertable debentures at CDN$1.75 conversion price, the fully diluted shares out should be around 60 - 70 million. With $40 million in debt, the debt/equity is quite high. A few more bad quarters and this baby could be toast. This is only my opinion - do your own due diligence, like you have been and have fun. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next