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Gold/Mining/Energy : Pacific Galleon Resources

PFC 28.04

0.0%

Mar 3 4:00 PM EST

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To: K. Anders who wrote (400)	11/11/1997 12:35:00 AM
From: gtr	of 443

I must admit it doesn't look good for the next little while for PFC. But, personally I am hanging on to my shares. They are still trying to have those flow through shares placed. Also, the discussions with Tarcoola seem good. I could be wrong but much of the buying at these levels I feel is from PFC themselves. If this is the case I can't see them doing a roll-back. I feel they will continue to purchase these shares at these ridiculous prices until they have control of the stock and it is mostly out of the public's hands. Then they will take it up to at least the .70-.80 cent range within the next year. Just my opinion. I could be way off though. GTR

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