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

To: gmweber who wrote (8042)10/27/1997 3:56:00 PM
From: Feline  Read Replies (2) | Respond to of 10482
 
Presumably, Placer will get all its money back then the cash flow will be shared on a 51/25/24 % basis. This means no cash for BGO or AZS for many years. Market prefers free cash flow so its discounting the worst. Stocks are likely to continue lower until Placer drops its option.



To: gmweber who wrote (8042)10/27/1997 8:09:00 PM
From: Terry Swift  Respond to of 10482
 
gm:

Placer-51%. AZS-25.5%. BGO-23.5%. I believe each company will give Placer 25.5% to keep things equal and fair for the shareholders of each company.

Terry


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