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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T) -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (324)	10/6/1999 3:27:00 PM
From: Brian MacDonald	Read Replies (2) \| Respond to of 922

It depends on how much they want and if you are in it 'together' - as they are. If you have a group backing you - as they do - the agreement may need to be altered to fit the new situation. As I see it, that is all that Ashanti is doing right now - altering the former agreement to relieve the pressure. BTW, it does the partners no good to make a call on their loan - unless they are in the mining business. If they have the situation boxed, all they need to do is come to an agreement on how much the loans will cost them. I would also think that this situation is also very politically sensitive with the Ghanaian government having 20%. The company will likely merge - but it will not 'default'. Brian