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

To: Terry Swift who wrote (8218)	11/1/1997 9:13:00 PM
From: burner	Read Replies (2) \| Respond to of 10482

Terry, Many of us are disappointed simply because we thought we might get rich quick. It didn't happen. the market has been bizarre; decisions, made in good faith, may have hurt share price; timing has been ironic. The fact is, IMHO, Bema is a better than average gold company. If one believes gold will rebound then they may as well have their monety invested here. I admit I am worried about Star as it does not have the versatility of Bema and bears the stigma as being a one-shot-wonder on the VSE. At least the CC represents financed ounces after this deal with Placer I suspect that Bema will consolidate its holdings in time. I they do move AZS into the company I hope they are able come up with a plan that is fair to its shareholders based on the potential it carries not on current share value. Many of the AZS shareholders bought in at significantly higher prices and have been hurt more than BGO shareholders. I own both, far more BGO than AZS. I don't think we will see a takeover attempt now, even though theoretically we could, since any takeout would buy the present conditions agreed with Placer. Placer will hopefully be compelled to release drill results on the Aldebaran as they are critical to Arizona if not Bema. We should see drill results from Quebrada too, as Bema is now free to become active again after refocussing. What is the relationship with El Callao and Consolidated Westview? Best of luck to all in their decisions, and keep posting. Dan Byrne

To: Terry Swift who wrote (8218)	11/1/1997 10:20:00 PM
From: charred	Read Replies (1) \| Respond to of 10482

Terry: as I said "no ideas". Why should we trust you? You should stay in the dark.

To: Terry Swift who wrote (8218)	11/2/1997 2:19:00 PM
From: the Chief	Respond to of 10482

I will debate opinions, I will not debate personalities or your perceived "personality disorders". You have maintained a bullish position since day one. You have influenced many on this thread (I am not included) to remain in this stock for a big payday. The insinuation was that that big payday was "soon". This has not occurred. So were you right or wrong ? You now insist the payday will come "later" because you are long. So what about the people who did not want to remain "long for say, another two years, because they need the money, were you wrong ? In 2-3 years from now if POG recovers Bema might be a good investment. When it appears it may be I will analyze the reasons and make a decision on the "most current information". This is a logical approach for "every" shareholder. The "death do us part approach to long term investment" just does not apply anywhere. In the interim if POG recovers it will add further insult to an already poor deal. Placer will be able to hail the CC as a golden egg for its shareholders. If POG continues to fall Placer can use the CC as "reserve ounces" until it no longer needs the hedge and drop it like an overripe tomato. In both cases it does not benefit the Bema shareholder, in the first case the short term, in the latter the long term, that is what gripes me. In both cases PDG is advantaged. Later the Chief