Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: timbouctou who wrote (1126)	7/4/2000 3:28:54 PM
From: timbouctou	Read Replies (2) of 1178

Here is a quick way to make a few million $ for a major, without any risks. ABX wants the property badly. So they should announce a low counter bid, including MDN and start buying out agressively at the announced price and higher, to accumulate shares. ABX will eventually use its right to match the offer. Then the major should raise the stake again until the $12 zone. IMO there is no risk for them that ABX drops out the race until +$12. The worst it can happen is to win both properties, which would still be a bargain given their potential. BTW when will the drilling results be published on Tulawaka? They have good results on holes around 250 m and more results on the open pit portion (trying to delineate the limits of the open pit). Does anybody know for certain when senior officers of a company (like PGD) tender their shares to a bidder (like ABX) if the price they get is the price announced at the time of the offer ($7) or if they get more when there are higher bids later on?

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