Bema Npv Share Discussion Threads

[a2584728] 10/11/2006 08:35

I anm hearing that there may be an aggressive bid from another canadian gold company at much higher than Kinross

[marky4] 07/11/2006 12:14

HOW WILL THIS AFFECT BEMA SHAREHOLDERS? WHAT SORT OF PERCENTAGE GAIN CAN THEY EXPECT AFTER YESTERDAYS ANNOUNCEMENT?

[hectorp] 07/11/2006 07:56

Well done Bema shareholders.

[jumbo66] 07/11/2006 07:52

its all good[hd]:-)) nice

[bangor] 06/11/2006 15:59

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-FirstCall/ - Kinross Gold
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."

[bangor] 06/11/2006 14:39

Wow, this is jet propelled.

Perhaps there is something in the rumours of a Canadian takeover.

[bangor] 06/11/2006 14:34

From James Boric, The Daily Reckoning


Although many small-cap gold stocks have already risen
hundreds of percent since 2001, we have not yet seen
mania-buying like in the late 1970s. In fact, since May of
this year, gold stocks have sold off to several year lows,
despite better underlying fundamentals.

Last year at this time, an ounce of gold traded in the
$470 range. As I write this essay, the shiny metal is at
$601 - 28% higher. Yet many gold companies are selling for
less than they were 12 to 24 months ago. For instance...

Bema Gold is a mid-tier producer with 11.4 million proven
and probable ounces of gold in the ground. Based on FY
2005 numbers, those reserves are worth an estimated $4.9
billion. Yet, Bema stock is trading for the same price as
back in Dec. 2003 - when its reserves were worth about
$1.1 billion.

[wassapper] 09/10/2006 08:25

Further discussion of price movement in Minesite weekly review

That Was The Week That Was ... In London

By Henry Sandford

MInews.It seems that talk of a recovery last week was premature, and it was another difficult week for the mining shares small and large.

HS. Yes. Weakness in the gold price didn't help, but miners were down across the commodity spectrum. Nevertheless, there was plenty going on worth discussing. .. more..

[jumbo66] 28/9/2006 15:14

nice [hd]:=))

[jumbo66] 26/9/2006 14:17

:-))[hd] news

[jumbo66] 08/9/2006 07:50

nice one i holding for the long term its worth sending of for the presentation and,or read it on there web site explosive groth nexed few years with falling costs as allways dyodd re jumbo[hd]

[nephin] 16/8/2006 22:13

This little share is looking good again isn't it?

[rwakeley] 14/7/2006 14:44

Guy's,

Not a holder here but may trade in the future. Just a quick note to let you know the CEO Clive Johnson has just been interviewed on CNBC Squarkbox on the floor of the NYSE highlighting the swithch from AMEX to NYSE.
Sounded confident of 350,000 ounces this year and target of 1m by 2009.
Stated that Bema was the fastest growing gold producer and highlighted construction of current mine in Russia. Sounded upbeat on the environment as a whole.
Will have to take a look at this co.

[arja] 05/7/2006 08:52

but market makers create illiquidity with WIDE spread!! they should be made obsolete!

[4321bob] 22/6/2006 10:29

This is a great buy at the moment.

[desijohn] 09/5/2006 18:34

this has been a great share

[jumbo66] 09/5/2006 17:21

:-}}[hd]added

[jumbo66] 25/4/2006 14:38

ha yes very nice jump[hd]

[magnus9] 26/3/2006 16:52

Yes, coal looking good (UKC etc.)

[magnus9] 26/3/2006 15:17

desijohn

Thanks for reply. Now to weigh up my maxi-ISA for the coming year. Golds and oils seem to be the order of the day.

[desijohn] 26/3/2006 12:13

yes i have some in my HL isa

[magnus9] 25/3/2006 13:54

Saw the following clip by Clive Johnson and I quite like the look of this company.



Does anyone know if Bema are ISA-able?