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Bema Gold Raises Resource Estimates 15 Percent
Company Online Stock Trading By Peter Shout
The offering documentation, dated August 5, 2004, indicates that TRC has offered to purchase up to 12.5 million common shares of Bema Gold, representing approximately 3.5 percent of Bema Gold's outstanding share capital for a price of $2.90 per share in cash.Late Tuesday, Bema Gold released an announcement that pointedly told shareholders that the company was not endorsing their offer.
Online Trading Stock And (AXcess News) Toronto - Vancouver BC-based Bema Gold Corp. (AMEX: BGO) said Wednesday that it raised its estimates of indicated and inferred resource 15% for its Kupol gold and silver project, following the 2005 exploration program.
Boeing's stock fell 13 cents, or 0.3 percent, to $38.26 in morning trading on the New York Stock Exchange.
Stock Investing Course Bema added an additional 638,000 ounces of gold and 5.4 million ounces of silver to its indicated resources, representing a 15% increase.
By Alan Fein Bema Gold Corporation urged shareholders to ignor a " tender" based TRC Capital. Bema Gold said it was 3.7% below the market when the stock was at $3.01. Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our mining poll too! Print This Page Aug 25, 2004 (AXcess News) Bema Gold Corporation ( BGO) urged shareholders to ignor a " tender" based TRC Capital. Bema Gold said it was 3.7% below the market when the stock was at $3.01.
Stock System Trading In addition, exploration drilling has replaced all of the ounces which were converted from Inferred to Indicated and has added 78,000 ounces of gold and 314,000 ounces of silver to the Inferred resource.
- ADRs or American Depository Receipts act as a proxy for foreign stock shares, but are issued in dollar value.
- Closed end funds are like a cross between mutual funds and ETFs which trade like stocks but are a collection of stocks from one country. For example, IFN is a closed end fund for India and CAF is a closed end fund for China. Both invest invest 100% in their countries but are managed by an American investment company and trade on the NYSE.
. They trade like stocks, in diversity.
Stock Investing Game These new resources fall within the mine's current primary development plan and will improve production early in the mine life by displacing lower grade ore. Based on these results, Bema's operations team expects to complete an update of the mineable reserves and mine plan by May 2006.
The final rule of investing is to make informed decisions so instead of blindly following the 10 percent rule, use the following recovery estimates and averages. Remember, a 25 percent return on investment is a strong return, 100 percent is very rare. Beyond that is a long tail that cannot be relied upon or properly forecasted. With that in mind ... If stock drops Then the stock must gain to break even.
Market Stock Trading The Kupol project now has an Indicated resource of 7.4 million tonnes containing 4.8 million ounces of gold at an average grade of 20.2 grams per tonne (g/t) and 58 million ounces of silver at an average grade of 244.2 g/t. The Inferred resource is now 3.9 million tonnes containing 1.7 million ounces of gold and 22.2 million ounces of silver with average grades of 13.7 g/t and 177 g/t respectively.
Online Stock Trading Canada Shares of Bema Gold rose 9 cents, or 2.27 percent, to $4.06 following the news.
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