Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Terry Swift who wrote (8707)	12/17/1997 8:35:00 PM
From: john a	Respond to of 10482

g'day It seem to me that one of the things being left out of the conversations by these downer folks is: whats bema up to now. no sign of bema folding its tents like rae gold, pegasus etc. nope. they've got production sold ahead at Refugio, lots of cash in the bank, and some realy fine projects to proceed with at pancho, q-seca, verde, etc. not much in the way of some pretty solid development if you ask me. so whats the price of gold got to do with the short term at bema...? i don't know. yup, the stock price is sure heavily leaveraged to gold, and looks pretty dismall to some of us who got some at higher levels, but seems to me that its business as usual over there, and if, like everyone says, gold is going back up, then we could be in for a ride. oh i hope so anyway. If i'd have listened to mr. benes or ole whats her face, i would have gotten out... but for all the wrong reasons as no-body saw bre-x or pog slump coming. so whats realy changed over at bema? well, not much realy, other that a fine deal with placer, lots of good properties, and the bucks to do something with them. hmmm. i'm in for the long hall. by now john

To: Terry Swift who wrote (8707)	12/17/1997 10:13:00 PM
From: Ken Benes	Respond to of 10482

Terry: You are absolutely correct, I do not hold the management of BGO in very high regard. It is beyond question that they have at best been less than candid about their operations this past year and the sacrifice of AZS to remain independent was one of the more self serving acts that I have witnessed in quite awhile. Should gold regain some respectable level of pricing next year, there will come a time, when it will be apparent that the BGO/AZS shareholders would have fared better had BGO rode the storm out. The share price could not have gone much lower than the 1.50 level it hit without the PDG deal and it is quite possible that the price would have remained higher had not the disenchantment with management been so high. Terry, should gold return to the 400.00 range, what will be the BGO shareprice. When you and I recognized an opportunity for BGO to get to the 15+ range, BGO represented a very good investment. Today, the story is quite different, and it would be extremely difficult to see this stock at much more than 5 dollars in the next several years, even with 400.00 gold unless that price was accompanied by a panic psychology. Not exactly a great scenario to invest in a stock. Ken