Bema Gold Corp fka BGO

[Susie924]

Kinross agrees to acquire Bema in $3.1 billion deal

PrintDisable live quotesRSSDigg itDel.icio.usBy Gabriel Madway
Last Update: 11:03 AM ET Nov 6, 2006


SAN FRANCISCO (MarketWatch) -- Kinross Gold Corp. (KGC : kinross gold corp com no par
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Last: 13.26+0.10+0.76%

9:31am 11/06/2006

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KGC13.26, +0.10, +0.8%) (CA:K : kinross gold corp com no par
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Last: 14.99+0.09+0.60%

11:16am 11/06/2006

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CA:K14.99, +0.09, +0.6%) has agreed to acquire Bema Gold Corp. (BGO : Bema Gold Corporation
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Last: 5.01+0.23+4.71%

9:40am 11/06/2006

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BGO5.01, +0.23, +4.7%) (CA:BGO : bema gold corp com
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Last: 5.40+0.25+4.85%

11:16am 11/06/2006

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CA:BGO5.40, +0.25, +4.9%) in a $3.1 billion deal, the companies said Monday. Under the terms of the deal, each Bema common share will be exchanged for 0.441 of a Kinross common share. After the deal closes, 61% of the combined company will be owned by existing Kinross shareholders and 39% by existing Bema shareholders. The new company would be lead by Kinross' management team. The combined company would have mineral reserves and resources of 50 million ounces of gold; 80 million ounces of silver and 2.9 billion pounds of copper. Bema shareholders will vote on the deal in mid January. Bema would be required to pay a breakup fee of C$79 million under certain circumstances. Kinross is based in Toronto, while Bema is based in Vancouver, British Columbia.

[NYBob]

Russia Investigates Lukoil Taxes -



Lukoil HQ in Moscow -



Lukoil owns more than 400 licences to develop Russian oilfields
Russian authorities have demanded information on 398 licences held in the country by oil firm Lukoil -

http://news.bbc.co.uk/2/hi/business/6057076.stm

Control battle?

However, Russian officials deny they are singling out any
one firm.
According to reports Yukos and TNK-BP have received
similar warnings.

"We have requested the information on how Lukoil paid
subsoil use and mineral resource taxes on
these licences," environment ministry spokesman,
Nikolai Gudkov, said.

"The logic is if the taxes are not paid or delayed,
it means that there are problems with
fulfilling licensing agreements."

But, while analysts claim the move could be an attempt
to regain control of the projects, the demands are
unlikely to lead to the same kind of battle that
eventually led to the collapse of Yukos -

http://www.investorshub.com/boards/board.asp?board_id=6399

[golden08]

Outstanding drill results. 6671gpt silver 232.38gpt gold. Wow this is outstanding. Patience pays off.

[milo3]

linki,
Making far off estimates about the price of BGO
shares is guesswork at best. There are too
many changing factors that can influence
the price.
A lot of smart people see gold continuing to
increase in value for quite some time and
Bema is getting closer to big time production
of one of the richest deposits of gold and
silver.
On a much smaller scale it appears BGO
stock has built a triangle formation and
that it will exit this triangle and move
up *very* soon.

[linki]

I can like that - as I like BGO. Being capable of showing the good in the current market is impotant. Being able to show for healthy potential is pouring petrol to the flames....


Can we expect to see double digits, or is that way off target?

[milo3]

linki,
I guess the fact that BGO continues to move up
in price is a good indicator that good things
are expected with both the Kupol reserve audit
as well as the production commencing in 2008.
At this time BGO is trading in the 5.70 area
which is up from 2.50 6 months ago - not too shabby.
Of course some of the share price gain is due to
the increase in gold price.
I view Bema as a good investment both short and long
term.

[linki]

Interesting. Any sign traded volume is reflecting this speculation?

[milo3]

This old dog probably has quite a bit
still in it:) Analysts say Bema's Kupol
mine project's reserves are currently
being re evaluated. The audit might be
completed as aerly as May and they expect
it to show substantially more gold & silver
than now thought.
Key word here is SUBSTANTIALLY and if
the audid does show substantially more
it should launch BGL into another run up.

[linki]

Still seems to have a bit in it:

http://stockcharts.com/h-sc/ui?c=bgo

RSI on its way up (72), but we should look for what the POG does. 700? 800? xxxx?

[Balsam Lane]

Anyone think it is due for a pullback? (short)?

[Balsam Lane]

Quiet here, BGO has been on a run. Been with it since 1996

[PENNYPRINCE 1]

Got a nice chunk today.

[PENNYPRINCE 1]

Chart looks ready for another advance.

[linki]

Anyone able to comments upon this?
http://biz.yahoo.com/ms/051123/149604.html?.v=1

Not too encourageing, but leverage can't be bad if the rate of return is satisfactory?

[garhart]

BGO at less than 2.00.

[mmayr]

Probably time to begin keeping an eye on this one. Hope you didn't lose faith.

eom

[HabaneroDog]

Grub!