Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Terry Swift who wrote (283)	10/13/1999 4:58:00 PM
From: salva	Read Replies (4) of 1178

Thnks for the feedback Terry- my latest 'research' is that Golden ridge results are expected 'early next week-'. Called cannacord- thier target price is now $5,25 for PGD but when results come out I suspect that that number will be bumped up! Way back in Spring of 99 when I posted a few times on the Argentina thread my own speculative opinion was that PGD ccould be easly compared to Sutton and was worth $10.+ Now with the golden ridge property proving to be better than was expected- am more convinced than ever that PGD will turn out to be worth in the high teens--IF it doesent get bought out before! Like you said PGD has not even touched the Bulyanhulu south property (JV with Ashanti) yet! No telling what they could find there. So the 425,000 + sh is the positioning thats taking place by smart money- Dont forget PGD ONLY has about 20 million sh outstanding - For a major like Barrick (or another strong company) @$10/sh ---or $200 million - is CHEAP for this kind of company with so many good gold anomlies--especially now at gold @ 325ish. If no one buys them out- theywill become another FrancoNevada type co-agree! Thats Ok withme I can wait JMHO Rgds salva

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