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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Wade who wrote (134)12/18/1997 8:57:00 AM
From: andrew r harwood  Read Replies (1) of 1178
 
I cant imagine that pangea has much downside risk here,they have not released mcuh information for a while and assume they are hunkering down and conserving cash which must amount to almost a dollar a share .much of pangeas exploration is done by others and pangea sits back and counts the ounces of gold.it could double in a heartbeat if the price of gold starts strengthening which i think it will as the asian flu settles down.when the dollar weakened a little the price of gold went up.
i also like metallica as a small gold stock with proven reserves,it stock price has been responding positively to the stabalization in the price of gold.also like silver and own some clifton.am gradually trying to extract myself from some of the really small stocks ,they will be dead for a long time due to inability to raise capital and there should be some real bargains around for companies with cash like pangea.i expect it to start improving in price in the new year .heres hoping.cks seems gradually to be progressing towards bringing a low cost mine on stream against all the odds. arh
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