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 (1110)	7/3/2000 5:57:10 PM
From: timbouctou	Read Replies (1) of 1178

Does the propose deal stink? of course! Is it the last bid? I don't think so. Other companies have done their homeworks and are in a position to counter bid. We should not sell or tender our shares. I am convinced that we will see action from other (Franco/Goldfields, Anlo, Newmont, Homestake) soon. IMO it is a starter bid. I understand that PGD had received informal offers in the past and they had refused because no other companies were in position to make counter bids. Barrick wants the properties badly, they are ready to pay much more. As for MDN, they will certainly be included in an other bid by a competitor. IMO they will do all they can not to help Barrick. It is certainly not a frindly deal from their point of view. MDN is probably a good buy now. A share exchange will be better for most of us than a cash byout. I am pleased that action has started, and I am convinced that ohter bids are coming. BTW I was right on on timing the offer (last week of June, see prior post). I was dead wrong on the price : $13.75. We will see the final price of this coming bidding round! Cheer up!

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