BMX bemax resources limited

whats up 14c now, page-12

  1. 197 Posts.
    Sandy, a big sleeper imo. Do you agree there has been some hesitation to push this one too hard until we get some clarity about the Sabodala aquisition? I was intrigued that the company never announced a purchase price or terms of the agreement and when I quizzed them management were deliberately vague about the details, citing the usual disclosure obligations. I have been buying a few regardless but let up the last couple weeks as the price has got away a bit. Still hold quite a few though.

    I did however get the distinct impression Sabodala will be spun out into another vehicle as a company of MDL's size would be stretched to oversee 2 projects of this size into production. Besides the lack of synergy between a min sands and gold project is significant in terms of technical staff mets, engineers etc required. 2005 will be an interesting year for these guys I'm sure

 
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