Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Enigma who wrote (983)	5/20/2000 2:50:00 PM
From: russwinter	Read Replies (1) of 1178

True that there are a lot of angles to all this. Fun to speculate on it at this juncture though. ABX tends to like to own the whole deposit, so if they want it (Tulawaka, or Golden Ridge, or Buly South) they are likely to take it all. ANGLY is willing to partner on production as with Imagold, Ashanti and Randgold. Therefore if PGD wished to retain a piece of the Tulawaka action (?), ANGLY is the likely suitor. Given the depressed prices being paid for projects, the ANGLY scenario seems to me to be the best PGD corporate strategy on Tulawaka, depending on how aggressive ABX would be in exercising it's rights of first refusal. It would put PGD on the map as a small but low cost producer. It would also make them an extremely well financed explorer at a time when having capital is a big bonus since prospects and other companies can be picked up for a song. Further it would dramatically quicken the pace of discovery on the current portfolio. We as shareholders would like to see everything just sold at a big premium, but I don't see that as realistic or necessarily desirable for us in terms of the ultimate payoff in this stock.

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