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

To: Bat Man who wrote (695)	10/2/2001 1:51:26 PM
From: russwinter	Read Replies (1) \| Respond to of 922

I think the time has come to go back and visit the GSR merger (at a higher price than the 1999 offer and at a hefty premium from here), don't you? GSR currency is back up, they have two operating mines (Prestea and Bogoso) at the south end of Dunkwa. And while they are at it, might as well see what ASL will offer. This continuing to go it alone in a third world country that requires real resources (BGI doesn't even have an IR guy any more, and Vic King is gone), and waiting for ASL's check to come in the mail, is for the birds. Ultimately (I'd say about now), management has to start asking about the share price. What's the master plan there? This is clearly an undervalued asset. There are some synergies with the GSR stock swap deal if they can get a fair price (and why wouldn't they given GSR's need?). GSR is establishing themselves as a player, and they have a vehicle that at least trades some, and a merger with BGI would help it more. They have the facilities and are going to need the ore. Also sends a signal to ASL to get off the dime. I'm hoping this trip by Simoneau to Accra at a time when the treasury is empty, is for this serious purpose.