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

To: Terry Swift who wrote (8209)	11/1/1997 5:55:00 PM
From: jjdeg	Read Replies (2) \| Respond to of 10482

Terry, I agree with you that in the large part Bema stock price is down due to largely uncontollable forces that even top notch pr with excellent timing could not have avoided. -bear market in gold threatening to go lower on a daily basis -huge, yet low grade deposit in out of the way place -large initial capital outlay requirement for CC -worst storm in chilean hx knocks out only production -debenture recall -Bema's own success in 1996..leading perhaps to unrealistic expectations..perhaps fueled by the fact that almost everything else in the equity world except gold was hot. IMHO the PDG deal was the best Mr Johnson could get given the current circumstances. I'm stickin with clive (although still a little miffed about the timing and reporting of his sales) for the long term. Short term, barring a change in the POG, a bgo buyout attempt or some awesome drill releases I think 4Q refugio results are key to some slight price improvement. Your thoughts? jj