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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Bill Jackson who wrote (12158)9/20/1999 12:01:00 AM
From: Ross Mickey  Read Replies (1) of 14627
 
The volume is impressive. I looked back a couple of years and couldn't find anything close. Whoever is working through Dundee hasn't sold the shares they picked up before the announcement. Back in Feb., they sold off everything they bought in a matter of days. Like you said, now that I have mentioned this in a public forum, we may not see any action from them again.

When I spoke with Tom S a week ago, he was very disappointed by the drilling results since they were of the Best targets. He wasn't putting much hope out for the next holes but wasn't completely throwing in the towel. He did allude to having "similar" deals in the works.

With regard to the "the deal killed the property" his perspective is that they are after elephants. If they hit, these deals will not kill the property but will propel PFG to double digits. They still have money...I think about 8 million...and they have their pick of properties in Argentina and Peru. It is all speculation and like a horse race, you bet on the jockey, the trainer and the horse. I am sticking with them until their war chest drains itself. I really don't want to be around after a major dilution to raise more cash.

Best of Luck,

Ross
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