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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: AriKirA who wrote (263)10/7/1999 2:26:00 AM
From: Terry Swift  Read Replies (1) of 1178
 
It's my understanding that the drilling which was to begin next month at Kakindu and Bulyanhulu was to be done by Ashanti. If so, these drill programs may be delayed for a few months until Ashanti's hedge mess is cleaned up. Indeed, it is very possible that Ashanti will be taken over; they are in talks with their largest stockholder right now regarding that very option. What effect this will have on the PGD joint ventures with Ashanti is a big unknown right now, which is why PGD dropped $.38 cents this afternoon.

Terry
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