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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: Enigma who wrote (1042)6/8/2000 11:42:00 AM
From: Jimsy  Read Replies (1) of 1178
 
Management was telling me that Sprott wanted some fairly big chunks of shares, and I notice from yesterdays news release that they are in on the financing. So they must have built up a clientelle interest in this company to approach Pangea and say how about it, lets do another financing. Wow, usually companies have to go begging for money, not have institutions come and offer money. So if Barrick exercises their warrants at $6 buxs I believe this would put more money into the company. Gadzooks, maybe someone will get interested in a takeover, simply because of their cash situation! And if Pangea concentrates on their 100% or hi percentage holdings and expand their resource, they become more attractive for a takeover. So, maybe Pierre Lassonde of Franco Nevada might get a chancce yet to get a foothold in Tanzania, lol. One never knows.
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