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

To: james flannigan who wrote (7935)	10/23/1997 8:29:00 AM
From: Dundee Maples	Respond to of 10482

I think the price of gold is going to move up after this asian meltdown. As the price goes up(assuming I am correct), I see the price of BGO going up. I like BGO better at 3 3/4 but I think I will go in and buy some more today. just my oppinion. By the way, how much upward pressure do you think the shorts can take before they are forced to cover.

To: james flannigan who wrote (7935)	10/23/1997 8:34:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 10482

James: For six months we have witnessed a persistant erosion in the price of BGO, which was attributed largely to the depressed gold market. Anyone with experience in the mining game knew that the decline signified something more than the depressed price of gold. During this decline in the gold price, BGO became more and more reclusive in providing information concerning their properties. The information that was released has proven to be much less than truthful. Example, in July, the company made a release stating that drilling on the Aldebarran properties was going to be suspended for four weeks to give the drillers a break from what had been a very hectic pace. In reality, this was a cecessation of all drill activities on the CC, the Amigos, Quebrada, etc, that was not going to resume anytime soon. At the same time BGO dismissed any questions of the disruption to the operations at the Refugio because of weather as immaterial and being directed by hysterical investors. They also made inference that the plant would incur only minor disruptions. The release of the third quarter report indicates the problems were much more severe. It is very obvious that BGO's actions during this period were self serving with little interest for the investor. Primarily, they were smarting over the defeat of the options package at the AGM in June. They were intent at ramming this package thru in September along with calling the outstanding convertibles. To accomplish this, they would be as oblique as possible with any comments on the developments of their properties. Whether NB or MRDI is right is not relevant. With the various scandals that have occurred this year particularly the Bre-x situation, the market trusts no one and has an attitude that even the best names can be bought. That absolute lack of candor concerning many issues by BGO this year has cast a pall over their entire operations and the markets now have the attitude of show me. To date this has not been done in a convincing manner, consequently, we have very depressed share prices that are not likely to improve anytime soon. I have brought BGO's integrity into question many times this year, and the consequences that would result if it can be shown that they had been cavalier with the truth. A mining company whose honesty becomes open to question is a company that bears a heavy stigma. Voila welcome to BGO, November, 1997. Ken

To: james flannigan who wrote (7935)	10/23/1997 9:56:00 AM
From: Bob Hack	Read Replies (1) \| Respond to of 10482

Why is NB the biggest buyer today, if in fact they downgraded BGO? 10/23/97 - 27 Trades for BGO Ex Time Price Change Volume Buyer Seller Marks T Oct 23 09:34 6.00 0.20 2500 039 Midland 079 Gundy K T Oct 23 09:34 6.00 0.20 2200 039 Midland 007 Green Line K T Oct 23 09:34 6.00 0.20 2500 009 Nesbitt 079 Gundy K T Oct 23 09:34 6.00 0.20 1500 009 Nesbitt 079 Gundy K T Oct 23 09:34 6.00 0.20 2800 009 Nesbitt 007 Green Line K T Oct 23 09:34 6.00 0.20 300 009 Nesbitt 002 DS K T Oct 23 09:34 6.00 0.20 1000 009 Nesbitt 009 Nesbitt K T Oct 23 09:34 6.00 0.20 400 009 Nesbitt 007 Green Line K T Oct 23 09:34 6.00 0.20 500 009 Nesbitt 007 Green Line K T Oct 23 09:34 6.00 0.20 1000 009 Nesbitt 009 Nesbitt K T Oct 23 09:32 5.95 0.15 5000 009 Nesbitt 079 Gundy K T Oct 23 09:32 5.95 0.15 2100 009 Nesbitt 002 DS K T Oct 23 09:32 5.95 0.15 1500 009 Nesbitt 002 DS K T Oct 23 09:31 5.90 0.10 4700 039 Midland 011 Yorkton K T Oct 23 09:31 5.90 0.10 2000 039 Midland 002 DS K T Oct 23 09:31 5.85 0.05 300 009 Nesbitt 027 Deacon K T Oct 23 09:31 5.85 0.05 1500 009 Nesbitt 074 Griffiths K T Oct 23 09:31 5.85 0.05 1500 009 Nesbitt 027 Deacon K T Oct 23 09:30 5.85 0.05 2000 007 Green Line 027 Deacon K T Oct 23 09:30 5.85 0.05 700 007 Green Line 088 Versus K T Oct 23 09:30 5.85 0.05 900 007 Green Line 011 Yorkton K T Oct 23 09:30 5.85 0.05 1000 007 Green Line 009 Nesbitt K T Oct 23 09:30 5.85 0.05 1000 091 CT International 009 Nesbitt K T Oct 23 09:30 5.85 0.05 400 007 Green Line 007 Green Line K T Oct 23 09:30 5.85 0.05 1000 007 Green Line 007 Green Line K T Oct 23 09:30 5.85 0.05 1200 007 Green Line 007 Green Line K T Oct 23 09:30 5.85 0.05 400 007 Green Line 007 Green Line KL