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 (1141)	7/5/2000 8:45:26 AM
From: Enigma	Read Replies (2) of 1178

And the disposition of Pangea's 20% net profits interest in the Titanium properties? I can't think that this hasn't been an 'off the table' part of the negotiations. We have the same management in PGD and TIO. My first and only concerns here initially were with full and proper disclosure of insider positions - but looking back on the pp @ $4.50 - the prior and subsequent price action - the apparent quick flip by the pp investors -who may not have even had to settle - and the co-ordinated trading action since the takeover announcement - the lack of recent drilling information - the description in the NR of a '52% premium' to the market price of $4.60 (was this manipulated down temporarily?) - the inclusion of the words 'arms length transaction' in the NR -why?? - all of this makes one very wary of what actually happened. It looks like a fish, it smells like a fish - so was it a fish? Many of us on this thread have been loyal supporters of this company - I even found myself defending the pp of $10 million dollars. Thinking, naievly that the money would actually be used to enhance the value of the company. We have to suspend all disbelief here.

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