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

To: Abner Hosmer who wrote (8305)	11/4/1997 10:33:00 AM
From: Phil Varichon	Respond to of 10482

Shareholders( or insiders?) are also toasting the stock this Am with over 200.000 shares exchanged in less 1hour and down 21 c canucks. Placer is cheering to with the stock up 0.35 c and Barrick up 0.20 c and happy to not be part of the celebration, even gold is up almost 3$. Is it not the reverse usually with the guys being bought out going up and the buyer going down? Obviously the Placer have got their foot in the door for peanuts and the shareholders are toasted! Placer will distribute those BGO shares for candies at Halloween 98! Boy this one would have bben a good one to short last July! I am happy I have stored my money in value stocks such as Euro-Nevada instead of this dog! Have a good toast! Philippe Van Sun says big boss is beaming again Bema Gold Corporation BGO Shares issued 92,190,909 Nov 3 close $4.26 Tue 4 Nov 97 In the News The Vancouver Sun reports in a feature business story in its Tuesday edition that the Big Boss is Beaming over Bema Gold. Reporter Rod Nutt notes the big break came in 1988, when, bucking conventional wisdom went to Chile. The article features a colour photo of Clive Johnson grinning and toasting himself with champagne, the same picture the Sun used in an earlier bubbling piece. Mr Nutt says that Mr Johnson is proud that Bema was one of the first Canadian junior mining companies to venture into Latin America almost a decade ago. It has been a struggle, but the former Vancouver junior now has one operating gold mine in Chile and the prospect of another after its recent deal with Placer Dome to explore Bema's Aldebaran property in the high Andes. Under the October 27 agreement with Placer Dome, North America's third biggest gold producer will prepare a feasibility study and spend about $40 million over two years for a 51 per-cent interest in the Cerro Casale gold project on the Alebaran property. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com