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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: d:oug who wrote (56144)	7/13/2000 8:18:20 AM
From: Enigma	Read Replies (1) of 116811

The word 'criminal' is bandied about very loosely and wrongly here. You weren't involved in my replies. Re: PGD - it's key property in Tanzania is Tulawaka. It owns 70% - a company (symbol MDN) owns 30%. A shareholder of MDN wrote the letter that Midas published. His comments re:the resource at Tulawaka were completely inaccurate and inflated. All the same I can understand MDN's problem because they have been left out in the cold by the ABX/PGD deal. One really has to read the PGD thread to get the feel of what has happened. My comments may be the strongest of all. Many feel that Pangea sold out for too little - and ask why did Pangea raise $10 million in a pp at $4.50 and almost immediately sell to Barrick at $7.00? It raises a lot of questions. It's interesting that Pangea is $6.95/$7.00 when the Barrick shares have to be tendered, for $7.00, by July 28. So the question is whether there could be a counter bid. It doesn't seem likely but some people seem to be betting that there's a chance.

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