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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (12073)	5/10/2002 10:02:03 AM
From: kirby49	Read Replies (2) \| Respond to of 36161

Wayne: Sorry I didn't reply to your post re BGO shares outstanding as I didn't really have an answer. Don't look at that too much and have in a couple of distant pasts, played Aussie miners, and shares outstanding there are truly outstanding in number.<LOL>. There is one thing about it, and that's that PP's dilution rates are lower with more shares outstanding. I have held through PP's of MFL and PAA and although there has been some consolidation in price at that time, if the money is being used to advance the company, at least we really know it is an advance, unlike the paper and fiat the techies and derivative players are tied up with<GGG>. So, sometimes, even with dilution, the price will keep rising due to better prospects for the future as is evidenced by BGO this morning. Regards Bob

To: TheBusDriver who wrote (12073)	5/10/2002 5:28:29 PM
From: waverider	Read Replies (3) \| Respond to of 36161

OK...so Joe borrows gold from Bobs Bullion Bank, then sells it on the open market. The lease rate is in effect the interest Joe owes the bank to borrow their gold. But as the bank sees gold going up, it raises its lease rate because it is beginning to see it as a more valuable, rising source of capital. You want to borrow their gold, you gotta pay more cuz everyone is beginning to want it. Right? Now then, I suppose the bank will want its gold back at some point, right? What happens then? Does Joe have to go back out and buy it on the open market? This sounds nasty for Joe since he may have to buy it back higher than he sold it for. Implications of the above, assuming I know what the hell I am talking about??? :) wr