A gold stock underachiever (BGO)
FlorianPascale : A gold stock underachiever (BGO)
Every bull market always leaves behind a few laggards -- "underachievers" which for whatever reason can't quite keep up with the dominant market trend. This can be true of a broad market rally or of a sector-specific rally such as the precious metal stocks.
Among the gold stocks, one of the more prominent low-priced "underachievers" is the Amex-listed Bema Gold (BGO).
Kicky : wenn da nicht wäre ,dass
FlorianPascale : Looking for More Glitter on Bema Gold
TORONTO (ResourceInvestor.com) -- It would be somewhat of an understatement to say shares of intermediate producer Bema Gold [TSX, AMEX: BGO; AIM: BAU] have hit a rough patch.
Whereas the S&P/TSX Capped Gold Total Return Index has fallen 19% over the past fast five months, shares in the Vancouver-based company have plunged 37% off a 52-week closing high of C$4.55 set on November 29.
Though contrarians might be interested in taking a closer look at the stock, there appear few catalysts on the horizon to drive the share price higher.
In late March, the market was taken by surprise when Bema announced it had lowered the indicated and inferred gold resource at its flagship Kupol project to 5.8 million ounces from last year?s estimate of 6.1 million ounces. Additions in the North and South strike extensions were not enough to offset a loss in inferred ounces from the bottom of the Big Bend Zone which were included in last year?s estimate.
FlorianPascale : Mining gold in Russian's frozen terrain
By: Dorothy Kosich
Posted: '15-JUN-05 06:00' GMT © Mineweb 1997-2004
RENO--(Mineweb.com) Despite permafrost, narrow shipping timeframes, and other logistical concerns, North American and UK miners Bema Gold and Highland Gold declare they love working in the Russian arctic.
In presentations to the BMO Nesbitt Burns Northern Exposure Investor Symposium Tuesday, Bema and Highland extolled the advantages of mining in Russia.
The Toronto symposium was aimed at taking an in-depth look at some of the issues and challenges faced by companies with exploration and mining activities in the U.S., Canadian and Russian north.