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

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To: David Beach who wrote (4732)5/25/1997 1:58:00 PM
From: Brad Danchuk   of 14627
 
This "ABX walking" rumour sounds all too familiar to me. I seem to
recall around it was around the 29th of August (1996) when results from
8 of 11 drill holes were announced -- but before such time the stock
was halted on an ~70 cent drop from $2.50 to $1.80. To my understanding,
the drop was because of a rumour that ABX left the property. Well, here
we are 9 months and 31+ drill holes later and ABX is planning to drill
more on LD and surrounding zones. Hmmmm...

For those who have been in PFG for quite some time, perhaps someone can
confirm/dispel my recollection. If this is the case again, I would
wait it out and/or pick up some cheap shares for some near term
appreciation. PFG seems quite cheap in the low $3's so I will venture
a guess that there is minimal downside risk from here, even looking out
over the next few weeks, especially if CB "looks" good.

Just my thoughts,

Brad.
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