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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?


To: Tomato who wrote (10223)11/10/2000 8:04:21 PM
From: Syncrude  Respond to of 10482
 
Tomato,

No harm done!

I think, and this is my opinion only, that BGO has been in difficulty for some time already. It is in the process of selling El Callao. Refugio going on ice. Investments in Russia might turn out to be difficult to protect. AZS plans still not announced. Gold price outlook very uncertain. Management remuneration might cause new investors to hesitate before speculating. The list is long.

As with many other gold miners, they are facing a steep and bumpy road up ahead.

As you can tell, I am biased and am not a fan of BGO management.

I will leave others to comment with more up to date views.



To: Tomato who wrote (10223)11/11/2000 3:05:20 AM
From: terryswift  Read Replies (2) | Respond to of 10482
 
With little, if any, cash and its only producing mine shutting down, it seems clear that BGO is in very deep trouble right now. Management has been bleeding the company for some time now with salaries not warranted by performance or the financial condition of the company.