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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: AriKirA who wrote (514)11/19/1999 8:00:00 AM
From: salva  Read Replies (1) of 1178
 
.....< Barrick did learn the hard way last time. Can't blame them for trying to avoid the same mistake. But... is it really that bad for PGD shareholders? > ..........

No! I dont think so. Barrick has taken an 'option' on Tulawaka and also on the whole of PGD indirectly. Dont forget that there are two other 'serious' partners in bed with PGD---Ashanti and Anglo gold. Ashanti is 'sick'-has its own problems and are not much of a threat
for a takeover BUT Anglo Gold is another story--Anglo Gold could very easily (financially) make a bid for PGD --when it becomes more apparent what kind of a 'gem' Tulawaka will turn out to be (by more results released and more future deeper drilling etc..)

And then there are others... Newmont , Placer Dome and other 'sleepers'.

For us investors to get 'top dollar' returns I think we will need to see a 'surprise' bid come from someone other than Barrick- and then the sparks will fly. JMHO

I dont mind waiting - its money in the bank for me-cause Tulawaka will be a 'gem' of a find!--Just my speculation based on released drilling trends--

I think in the end Barick will buy out PGd (and MDN) mainly because of the excellent relations being built up between the senior managment of both Barick and PGD

I get this 'gut' feeling that Barrick 'knows' what kind of future exicting results will come from further Tulawaka drilling based on their knowledge of Bulyanhulu (sutton) and Golden Ridge drilling and geology and decided to LOCK UP Tulawaka.

Therefore because of the above I feel very bullish for the future prices (and takeovers ) of both PGD and MDN. 'Its only a matter of time! JMHO

Rgds
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