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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (12531)	8/27/2002 8:44:15 AM
From: jim_p	Read Replies (1) of 206181

PeeGoo down 15% in Oslo. I suspect we may close the gap today around .59, which would be about a 35% retrace? PeeGoo has traded about 75MM shares since the failed merger? At some point you would think the selling would dry up?? For those who missed buying near the bottom, today may be a second chance before the next leg up. I'm planning to add around .60 if seen today. I talked with the company yesterday. There is more than one buyer for Atlantis now, but China is still the highest bidder and they still feel they can close that deal. They are also working to restructure all the debt coming due in 2003 so there is no question on the solvent issue. I don't expect a news release until they have both Atlantis and the banks firmed up, since they both will most likely be a package deal. Jim

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