Pacific Rim Mining V.PFG Message Board

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

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To: Quickdraw who wrote (8984)	3/5/1998 5:01:00 PM
From: Enigma	Read Replies (1) of 14627

'Beat out that Rhythm on a drum' Must take a short time out and get on with some other boring things, like filing. The music is nice though. A point I raised earlier - I wonder if by selling its 30% interest in the holding company PFG won't incur a large tax bill? This may depend on the tax domicile of the holding company (Caymans?) If it sells the company for ABX stock the shareholders will get a tax free rollover - the ACB of their new shares being the cost of their PFG stock. Tax apart, and it may not be a problem, your scenario would seem to fit in with the kind of people running the company. The shares would settle back from people taking their money and running .This could be offset by PFG announcing some new deal/s quickly. I agree, too that ABX would be subject to criticism (more than that) if a bid was made before full drilling results, etc. were published. What was the situation with Ariaquipa? Spring is almost here!

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