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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: Terry Swift who wrote (478)11/15/1999 12:22:00 PM
From: Enigma  Read Replies (1) of 1178
 
It's a good deal:

1) It effectively seems to set a floor of $4.00 on the share value.

2) Admittedly, a third party is not likely to make an offer on Tulakawa - so all of the interest and action will be in the stock price from now on. So far as I know the shares are widely held - the directors have a fiduciary obligation to get the best possible price for the shares - so any later offer by Barrick for all the shares it doesn't own will have to be good - otherwise there will be a bidding war.
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