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Gold/Mining/Energy : Panaco Corp (PANA)

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To: Author51 who wrote (54)5/11/2000 11:17:00 PM
From: Author51  Read Replies (1) of 115
 
Panaco, Inc. Conference call Highlights

Co. reiterates yr. 2000 cash flow projections of ........Approx 25 million........Current rate is better than expected, but they are sticking with the conservative 25 million figure.

Co. is working on an AMEX listing........CEO rejects ANY share dilutive financing arrangements.

A merger of some kind was considered as an option.

CEO says current asset valuation is approximately $2.68 per share...........Co. is working to get share price up to $4-$5........which is "where is should be now"

PANA finished today at .718c---UP 14.88%
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