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

To: Brian MacDonald who wrote (462)2/5/2000 1:08:00 PM
From: Winzer  Respond to of 922
 
Brian,

And even if Ashanti were to tank; I seem to remember that ABX was doing some vultureizing?

Plus as you mentioned, the need to keep 9k employed in Ghana will have some decision to nationalize and give/sell to some capable mining company in short order.

I remember when the dam broke at Omai, all the stuff that was going on there. i.e. cyniade in a major waterway etc. Then the (same type of ex-Britich colonial type of government) cut the company a lot of slack. So much so, that Cambior was back in production again. Alas, like Ashanti, the attraction of hedging did them in too.

If the pog takes off like they're predicting (GATA) twice as much as the last time (2x80) BGI will have no problem finding a new dance partner. Because of the amount of exploration that was killed, majors go after the "surethings" and are prepared to do anything to get them. So I feel that some company will come along (like Golden Star did)and offer top dollar for BGI. And lets hope that we have a nice little bidding war to top it all off.

Winzer



To: Brian MacDonald who wrote (462)2/5/2000 1:22:00 PM
From: ogi  Respond to of 922
 
Not a chance they are overvalued, not with cash in hand, assets, and superb exploration potential combined with astute management. I first got in at .18 and added at .25 and we are a very long way from where I would ever consider reducing my commitment. There has been, as you have noted, a frequent large position ready to sell which I thought was an institution that should have gone away by now. Perhaps as you say the new POG may have chased them off.


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