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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (78096)	3/19/2007 12:23:17 PM
From: zoo york	Read Replies (1) \| Respond to of 313178

Hi John MC! I think it was a mistake for BGL to release that 'news' right now. There was no leak and the stock was not running on insider info. The release has not built any further excitement into the trading either. So its all downside now, if for some reasons the negotiations do not pan out. However, I do think a deal is going to be done. I posted last year that the mine manager BGL hired for Cinco Minas is the same guy who used to run the worlds largest primary silver mine at Fresnillo, owned by.... you guessed it, Penoles. I met the guy during my trip to the mine last year and he is as sharp as they come. I have no doubt that it is partly his connections that helped to get Penoles interested. I think BGL has to accelerate the buyout of their minority partner, Minera San Jorge. Once BGL owns 100% of the project, they can then vend part of it to Penoles and a deal will be done, IMO. As for Penoles, their interest at Cinco Minas validates my outlook that the project is real. Penoles would not bother with a mine that is projected to run at a few hundred tonnes per day. If they see something they like, then I would suggest that my earlier estimates of millions of tonnes of ore are right on the mark. This company has done deals with MAG, EDR, and EXM recently, and the share value of all 3 juniors sky-rocketted right after. My opinion is that BGL is a screaming buy right now. Instead of running higher off the news, it has sold down on thin volume. I do think a deal is going to happen and therefore its just a good time to add. I have no plans to do any buying though, since I already own more than 50,000 shares and 20,000 warrants. cheers! COACH247 Personal disclosure: I have no relationship with the company and my opinions are based on my own expectations.