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| Share Name | Share Symbol | Market | Stock Type |
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| Bema Npv | BAU | London | Ordinary Share |
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| 0.00 | 0.00% | - |
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Posted at 06/11/2006 15:59 by bangor All is revealed (Reuter's Canada):Kinross Gold announces acquisition of Bema Gold Mon Nov 6, 2006 10:44 AM EST US$3.1 billion transaction aligns with Kinross' four point strategy, expands reserve base and creates shareholder value TORONTO and VANCOUVER, Nov. 6 /PRNewswire-FirstCal Corporation ("Kinross") (TSX: K, NYSE: KGC) and Bema Gold Corporation ("Bema") (TSX/NYSE: BGO, AIM: BAU) are pleased to announce that their Boards of Directors have unanimously approved Kinross' acquisition of Bema in a US$3.1 billion transaction to create a US$7.9 billion major gold producer. Highlights Bema shareholders will vote at a meeting, expected to be held in mid-January 2007, to approve the acquisition. Upon successful completion of the transaction, on a pro forma basis Kinross will have the following attributes: - Mineral reserves and resources of 50 million ounces of gold; 80 million ounces of silver and 2.9 billion pounds of copper - Nine mines, in five countries, on three continents, with 4,700 employees globally - Excellent pipeline of major construction and future projects including Paracatu in Brazil, Kupol in Russia and Cerro Casale in Chile - Participation in exploration joint venture to drive new Russian growth opportunities - 2006 estimated production of 1.8 million gold equivalent ounces; growing 56 per cent to approximately 2.8 million ounces in 2009 - Estimated 2009 cost of sales per gold equivalent ounce at Kupol of approximately US$130 will lower an already competitive cost profile - Consolidated ownership of Refugio mine in Chile - Cash of approximately US$350 million - Immediate synergies - Led by Kinross management team "This acquisition will create exceptional value for shareholders," said Tye W. Burt, President and Chief Executive Officer of Kinross. "By combining our assets, operations and expertise, we have dramatically increased our gold reserve and resource base to more than 50 million ounces. We will have a well-balanced gold reserve profile with 39 per cent in Chile, 37 per cent in Brazil, 16 per cent in North America and 8 per cent in Russia. These reserves, coupled with our enhanced exploration pipeline, will put Kinross in a unique position to take advantage of the robust gold price and provide investors with an excellent portfolio of world-class assets." "The Bema Board of Directors unanimously approved this transaction and an independent advisor has provided an opinion that the transaction consideration to be received by Bema shareholders is fair from a financial point of view. We believe that our companies are a great fit due to complementary strengths, geographic synergies and similar growth profiles," said Clive T. Johnson, Chairman, President and Chief Executive Officer of Bema. "Bema shareholders are getting an attractive premium to become part of a stronger company that will create near- and long-term value for all shareholders. Further, we expect that the combined Company will be re-rated in the market once the transaction is complete." |
Posted at 01/2/2006 18:41 by arja well, it was the fault of AIM who do not give a hoot about shareholders and then the inefficient stockbrokers and often their lack of knowledge on how to proceed . This stock BAU certainly has a lovely chart and presumably follows the price movement of the canadian company - need to watch the currency movement as well I guess!! RIO runs at about a £3 discount to share price in OZ and I wish I knew why !! |
Posted at 29/9/2005 03:39 by davepower News that Placer Dome are pulling out of Cerro Casale Project not so good. However perhaps the higher metal prices should be used as a basis to decide whether the mine is economic. It is difficult to know who is right at the moment. Obviously time will tell but at the moment having this sort of bad press doesn't help at all.The extra cash from the private placing will come in handy, though, to further KUPOL development. I think that this project will make BAU (or break it if they fail to manage the resource project efficiently. Just look at Highland Gold also in Russia, and their share price as a result of poor management. Must be about the only gold stock languishing at the moment except for CER.) I am convinced the gold price is going up over US$500 in the short term and the longer term is even brighter :-), so it could be good news for Cero Cassale after all. Is there anyone else following this share in the UK? This BB is very quiet!! cheers to all????(should it be the other two?) Dave |
Posted at 04/6/2005 14:58 by krebensis FOR: BEMA GOLD CORPORATIONTSX, AMEX SYMBOL: BGO AIM SYMBOL: BAU June 3, 2005 Bema Announces Kupol Feasibility Study Results/Initial Phase III Drill |
Posted at 02/6/2004 09:42 by hectorp Well now.. BAU is now down 30% off its highs... and it has massive reserves, is BAU nearing fair value? at which point a long term hold could be wise... H. |
Posted at 19/3/2004 08:05 by kitkat extract from the £1 threadBAU - 205.50p - BEMA GOLD had a good strong rise today which saw the price break through, and hold, above 2 x resistance levels, the second being the 200p psychological level, which should now provide very good support for any retracement. Its indicators are still rising, and although volume is low, it has been increasing for the last 3 x days, all of which suggests the price should rise further during the next few days. It will find weak resistance/support at 207.50p, 212.50p & 217.50p Stronger resistance/support at 205.00p & 215.00p With strongest resistance/support at 210.00p & 220.00p |
Posted at 02/3/2004 22:50 by bbmuppet Let's just hope BGO/BAU does not start tumbling like Avocet Mining Plc AVM |
Posted at 06/1/2004 23:47 by bbmuppet GLMorris,Shareprice offered to do so? BEMA GOLD CORP Company Information Ticker Symbol: BGO Exchange: AMEX Contact Info: Suite 3113, 3 Bentall Center Vancouver, B.C., CN V6C 3A8 (604) 681-8371 CEO/President: Clive Thomas Johnson Industry: Gold / Standard Industry Code: 1041 Description: A Canadian mining company engaged in the mining and production of gold and the acquisition, exploration, and development of precious metal properties in Latin America, the Russian Federation, Ontario and Manitoba, Canada and the western U.S. Share Information Shares Outstanding: 331,399 (000) Market Value: 1,292,456 ($000) Percentage of Inst. Shareholders: 11.0% Number of Inst. Shareholders: 79 Last Quarter Sales: 24.8 ($Mil.) Last Quarter Net Income: -3.5 ($Mil.) Last Quarter EPS: -.01 P/E Ratio: NE Most Recent Earnings: Earnings Per Share: -.05 Most Recent Split: Annual Dividend Rate: .00 Most Recent Dividend: Annual Dividend Yield: .0% Media General Financial Services expressly disclaims all warranties of fitness of all data presented on its Web sites. In no event shall Media General Financial Services have any liability of any kind for any damages even if notified of the possibility of such damages. Please view our complete disclaimer. All good things come to an end sometime BGO is currently valued at US$1.30 billion approx and yet it only produces 2002:- Julietta 108,844 toz BGO 79% 85,987 2002 Projected 2003 116,000 toz BGO 91,640 Petrex projected 2003 155,000 BGO 100% Refugio est 16,950 toz BGO 50% Bluntly BGO are expected to produce only some 165,115 toz in 2003 it seems, yet are valued at US$1,292,456,000 or some US$7,827.61 per annual ounce of attributable production around 18.42 years of production. On the other hand AVM Avocet Mining Plc are valued at around 77.25p on 103,596,531 shares just £80,028,320 say US$150,453,242 and are estimated to produce at least 180,420 toz in 2003/4 say US$833.91 per toz produced. Bluntly either BGO is horrifically overvalued or Avocet Mining Plc should be trading at by my calculations US$7,827.61/US$833.9 Surely BGO should just bid for Avocet Mining Plc AVM and just increase their ounces produced? Shows you the potential if they did. All IMHO, NAG, DYOR etc, etc The Original BB Muppet |
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