Big fan of management. Earnings just came out and were slightly under. They will also get some help with the former deal they had with Placer Dome. A good company.
The biggest upside is their Russian project which is a high-grade one. Seems to be able to navigate through the system successfully. Also have a good project in Chile which is very capital intensive.
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.
Bema Gold Corp. major project is in Russia. It is highly likely that they are a takeover target. He likes the company and the management. Recommends to hold and stay with the company.
It's had a great run up. Likes Clyde Johnson. Barrach may want to re-look at projects in Chilli, and possibly Russia.
It has to pull back when gold pulls back but it is a company that on any sustained weakness he would like to own.