Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: salva who wrote (948)	5/10/2000 9:04:00 AM
From: timbouctou	Read Replies (3) of 1178

If you noticed, MDN is not disbursing money for this property nor is it increasing the number of shares on the market. So it cost them nothing in the short term and it makes them potentially more attractive (to Barrick?). Not a bad move. Naturally, if no take-over occurs, they will?might have to initiate a drilling program for which they will have to finance (normally through share issue). I do not think that it has any meaning in terms of being discouraged. Do you or anybody else know if Homestake has shown any interest in Tanzania? One possible play would be for Homestake to try to steal Tulawaka to Barrick, pretty much the same way they did it in South America. Or they could buy a solid position in PGD/MDN and negotiate a trade with Barrick, should Barrick pursue its interest in buying PGD/MDN. Does this make any sense? Or is Homestake totally out of the picture?

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