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

To: Terry Swift who wrote (8088)	10/27/1997 11:01:00 PM
From: Gold Panner	Read Replies (1) \| Respond to of 10482

Regardless of how the markets were... This could and probably was another non-event event for BGO (please don't flame me.. but this is just my gut feeling...). The stock probably would have tanked anyway becasue of sentiment, POG, management. We (BGO/AZS) lost control over not just CC... but all of Aldebaran... it seems to me that PDG still has some lingering doubts about CC's economics... they haven't really committed fully to the project yet... look at all those conditions in the news release... it seems like they could walk away from this project if they wanted to, if they didn't like what the figures are. What a small price to pay for control of Aldebaran. This seems to have been very strategic for PDG, this was a real good deal for PDG... essentially they probably have the heads up on others who may also be interested in Aldebaran. Whoever said that this was insurance for PDG was probably right if this has locked other majors from looking at this project. I too am interested in knowing if in fact that other suitors are allowed to bid also... That $20mill that PDG has given us seems to be reimbursement for the exploration we were doing on CC for them all these years. Do we still get to vote on this "deal"... it never mentioned anything like there being a need for shareholder approval... in the news release it seems like it was a done "deal" in which we were "done-in". It definitely will be many more years before AZS moves out from Penny stock range again. What reason would BGO want to merge with AZS and ECM? Speaking of ECM... what happened... it didn't seem to tank today... unless my quote site is incorrect... could someone provide some insight/analysis into ECM?

To: Terry Swift who wrote (8088)	10/31/1997 8:47:00 AM
From: virginijus poshkus	Respond to of 10482

Terry, clive and his pigeons have been telling us that they would sell azs. this has been their posture for a long time. then all of a suddent they do a 180 degree turnaround. here is a few of clive's quotes issued in september. what a bullshitter. With regard to the recent decline in share price of both Bema and 33% owned Arizona Star Resource Corp. ("Arizona Star") management confirms there are no adverse changes in the affairs of either company. The companies remain focused on achieving both near and long term goals. (nothing changed, oh yeah stupid, why did the stock go down? did somebody know something in advance, like you?) CERRO CASALE DEPOSIT, ALDEBARAN PROPERTY, CHILE 51% Arizona Star/49% Bema Gold Corporation Mineral Resources Development, Inc. ("MRDI"), an independent engineering firm is in the final stages of a pre-feasibility study on the Cerro Casale Deposit. Results of the pre-feasibility study are scheduled to be available for release in mid October. The study will include a calculated mineable reserve for Cerro Casale and detailed capital and operating cost estimate. The Companies expect the study to confirm the strong project economics indicated by the previously released scoping study. Several major mining companies are conducting detailed due diligence on the Cerro Casale Deposit. With the pre-feasibility study nearing completion, Bema and Arizona Star are accelerating discussions with these companies regarding their potential participation in the development of the Cerro Casale Deposit. (pltential participation, this is a key word here. did we miss this or not interpret this correctly? participation means less than buyin or investment or purchase) the stock goes from $3 when refugio went into production up to $9 then back to $3. in the mean time they discovered 30mm ozs of gold. even harry hudini could not make a disappearing act like this. vargas