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 (1048)	6/10/2000 11:40:00 AM
From: Enigma	Read Replies (1) of 1178

Pagea has built a package that will appeal to majors - but it can't just wait - it has to build value internally which the market will have to recognise - as it is beginning to do already. Re: the financing - one has to assume that Barrick will be taking down the percentage to which it is entitled - approx 4.3% - it would be interesting to know whether Loewen/Walwyn have placed any of the rest of the $9.9 million with another major or majors? For the investor it would seem a no-lose proposition - with at least a double likely.

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