Opinions
Paul VanEeden
Bema Gold
BGO-T
TRADE
Oct 01, 2004
Made a magnificent discovery in Russia, but this may be a cause of concern. It is the reason for the upside in its price. Has a 24% interest in Cerro Casale in S.A.
$3.990
Stock price when the opinion was issued
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COMMENT
Newspaper article suggested a possible takeover by Kinross (K-T) which would make synergy sense. Wouldn't be surprised if it happened. A middle tier type company. Some good assets, but analysts don't like it because of the cost and location. Probably one of the 3/4 takeover candidates in this size.
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