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

To: IngotWeTrust who wrote (8031)	10/27/1997 11:00:00 AM
From: Method	Read Replies (4) \| Respond to of 10482

Granted, this deal is not a great one for Bema and Star; however, it is better than no deal at all. What the deal will do is stem the amount of cash flowing from BGO and AZS into the project for exploration purposes. BGO will become profitable on Refugio again starting next year and the combination of that and the deal will lead to positive cashflow and earnings. This may allow BGO to trade higher. We have to be realistic the price of gold is weak and BGO had to take what it could get.

To: IngotWeTrust who wrote (8031)	10/27/1997 5:57:00 PM
From: virginijus poshkus	Read Replies (1) \| Respond to of 10482

Ole49r, here is the british relrase. 12:43 PM (ET) 10/27 Brit. Official Puts off Euro Link LONDON (AP) -- Britain's treasury chief on Monday ruled out converting to a single European currency in 1999, but offered reassurances that the government recognized "it is right in principle to join" if the economic benefits of doing so are proven. "It must be clearly recognized ... that to share a common monetary policy with other states does represent a major pooling of economic sovereignty," Chancellor of the Exchequer Gordon Brown told Parliament. "The determining factor ... is the national economic interest and whether the economic case for doing so is clear and unambiguous," Brown said. He said evaluating those elements would take "a period of years," too late to join the first wave of conversions on Jan. 1, 1998. "Barring some fundamental and unforseen circumstances, making a decision during this Parliament to join is not realistic," Brown said -- which would put it off until at least 2002. Brown also reiterated that Britain would not adopt the euro unless it was approved by voters in a referendum. "The government, Parliament and the people must all agree," he said. vargas

To: IngotWeTrust who wrote (8031)	10/27/1997 5:58:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 10482

ole 49r: Well it is confirmed. BGO is nothing more or less than a play on the price of gold. People laughed when I referred to BGO's effort with the CC becoming the Refuse to Go II. Instead of Amax, we have PDG to finance the development of the project. However, unlike the Refugio, BGO gets less than the 50% portion of the project that they get with Amax. In addition, PDG gets the blue sky potential of the Aldebaran property. Markets do not lie, what has been evident to the markets, that Clive will retain control of the company at all cost, is now apparent to all. The only winner is Clive, he still has a company, I mean half a company, while we have to wait for a doomsday scenario to lift the price of gold. One question, why did BGO needed all those options to attract qualified people to develop the mine, when they knew in fact that PDG would pay for development, provide the expertise, and conduct further exploration. I think in the near future, a lot of those options will find their way into the corporate officers pockets rather than be used as they were intended to be. What amazes me is that their will be members of this board who will pop the corks in celebration of BGO concluding a deal prior to 10/31. Ken