Pegasus Gold (PGU) hits 52 week low Message Board

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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low

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To: Michael Bidder who wrote (72)	12/23/1997 3:03:00 AM
From: Michael Bidder	Read Replies (1) of 199

IF GOLD HITS $350 And stays there for ten years: Their earnings will be just equel to the amount of their debt + interest. And the earnings per share will be zero also for the next ten years. However if gold hovers around $300 for the next year PGU can make their payments only by liquidating their hedge book. At this point the company will have ZERO assets and great debt. The stock will be .03 cents/sh

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