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

To: Steve Johnston who wrote (9855)	3/20/1999 3:21:00 AM
From: GlobalMarine	Read Replies (1) \| Respond to of 10482

I just checked the stock price for BGO today. Well, it's at multi-year lows, that's for sure. I know there's a big supply-deman imbalance but it could take a long, long time for things to unwind. CBs want to sell or lease gold, and no one wants to allow gold to rise in price. In the meantime, most gold producers will lose month at these low gold prices. I believe BGO is losing money right now, but have they been issuing stock to stay solvent, or does Refugio generate positive cash flow?