Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: ltholder99 who wrote (13982)	10/25/2000 11:41:24 AM
From: Phil Jones	Read Replies (2) of 14627

lt, the problem seems to me to be that PFG's management won't in fact be able to raise sufficient money again on the market. It has now had at least three bombs in a row, i.e. Fantasma, Cofradia and Luicho. Luicho showed that ground sampling is virtually meaningless, so next time investors won't put any cash up until drill results are available. But how do you get drill results if you can't get the cash to drill holes? The old "chicken-and-egg". Investors will say, "Show me the meat!" (to use an old supermarket slogan). I'd say that the situation is that -- barring something unforeseen (such as some gold appearing in some of the Luicho drill results) -- Catherine McLeod-Seltzer and Tom Shrake won't be able to afford to drill a further site. That's what the virtually-zero share price is saying. As an owner of a lot of PFG shares, I wish it weren't so(!) -- but one has to be realistic. Phil

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