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Gold/Mining/Energy : Big Valley Resources (BV-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: bcjt who wrote (202)	9/8/1999 4:24:00 PM
From: bcjt	Respond to of 231

Big Valley Resources Inc - Big Valley private placement changes; wood business update Big Valley Resources Inc BV Shares issued 21,359,310 1999-09-07 close $0.3 Wednesday Sep 8 1999 Mr. Lloyd Tattersall reports The company has cancelled the 1.375 million unit non-brokered private placement as announced in Stockwatch on June 16, 1999. Subject to Alberta Stock Exchange acceptance, Big Valley will proceed with a 1.1 million unit non-brokered private placement. The purchase price of the units will be 30 cents and each unit will consist of one share and one share-purchase warrant. Each warrant will entitle the holder to purchase one additional share at 50 cents within a two-year period. Proceeds of $330,000 from the sale of the units will be used as general working capital and to finance due diligence related to a possible acquisition of the QR gold mine (Stockwatch, Aug. 13, 1999). Approximately $300,000 of the total proceeds have already been received by Big Valley. The company is currently attempting to negotiate a termination agreement with H.D.L. Wood Industries Inc. related to a proposed wood hardening and fine veneer business (Stockwatch, Nov. 25, 1998). (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com bcjt

To: bcjt who wrote (202)	10/5/1999 2:18:00 AM
From: Spiney	Read Replies (6) \| Respond to of 231

I've been wondering why BV has been doing some solid volume lately... Just struck me we have all forgotten about the gold mine just sitting there waiting to get back into operation! Gold went through 330.00 awhile ago! Perhaps BV will heat up again? ------------------------------------------------ MAD BOTTLENECK IN AUSTRALIAN GOLD MARKET Sydney, Oct. 5 (Bloomberg) -- Gold rose 4 percent to a two-year high in Asia as speculators, producers, investment fund managers and banks raised bids to buy the precious metal in a rally that's seen the price jump 22.4 percent in nine days. Gold for immediate delivery rose as much as US$13.15 an ounce, or 4.1 percent, to US$330.50 an ounce in Sydney interbank trading, the highest price since October 1997. Dresdner Kelinwort Benson bullion trader Paul Lee said he's never seen anything like the move to buy gold to cover forward and futures positions in his 10 years of gold trading. "It's like there's a fire and everyone's running toward the same exit door. We have banks, producers, hedge funds all wanting to do the same thing at the same time. We are seeing a supply bottleneck. Producers are backing off from selling. They are standing aside and not selling any more," he said. ------------------------------------------------ spiney :-)