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


To: Brian MacDonald who wrote (438)1/21/2000 9:31:00 PM
From: russwinter  Respond to of 922
 
Also note the continued GSR interest mentioned in the phase under their Bogoso summary: "the company is now poised to attack the second phase of it's strategy by acquiring low cost oxide material in the vicinity of Bogoso".

Another bid or at minimum another sweet deal? BGI in the 20's doesn't even reflect the cash they will get from ASL let alone a GSR deal or Bui success. Actually GSR seems a lot healthier than ASL right now, so may be news there showing some disassociation from the ASL stigma will help.



To: Brian MacDonald who wrote (438)1/24/2000 12:20:00 AM
From: Brian MacDonald  Read Replies (1) | Respond to of 922
 
Winzer,

Once this deal is sealed, it would be a really good time to seek a merger of BGI, Golden Star Resources and St. Jude Resources. Between the three companies, they would have plenty of operating capital, great exploration potential, an operating mine in hand and a solid core of mining professionals to take the company to the next level(s). In BGI's case, they could finally come to the table from a position of strength and barter a better deal than they could have just a few months ago.

I think that given the assets of each company, a fair evaluation would likely have each of the companies seen as equals, but of course that would need to the determined through the garnering of a 'fairness opinion' by a financial institution that they all respected.

Alone, they each face a daunting task to survive and prosper in today's mining market. Together, however, they stand a fairly good chance at building a good size successful mining company.

What do you think?

Brian