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

To: Brian MacDonald who wrote (440)	1/24/2000 1:15:00 PM
From: russwinter	Read Replies (1) \| Respond to of 922

I agree completely with your assessment, and have proposed as much to BGI management. SJD mkt cap is about 80 to 85% of cash on hand, and they have lost focus (screwing around with computer furniture). Since BGI would have to pay with stock as currency they need to get the price up. If BGI traded at 40 cents, they could offer 2 shares BGI for 1 SJD. I own a nice chunk of SJD and would accept. GSR's need is also cash, and feed from Dunkwa. Their run at BGI made last summer was low ball (40 to 50 cents). GSR's stock currency is now higher ($1.40 CDN) and they have a good following. The 1 GSR for 2 BGI offer would now be worth 70 cents. That's still too low. BGI should drill out their remaining Bui obligation and the Opon and Aniamote anomalies near Bogoso first to establish a greater value threshold (hopefully). That's why the money from ASL is so important. But where is it? Time is short (Bui must be done by May), and GSR is surely lurking. Closing the ASL deal in January is critical. Given that I am a shareholder in all three companies, it's my belief that the sum of all three is worth much more than the parts individually.