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Gold/Mining/Energy : Crystallex (KRY)
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To: charred who wrote (7955)4/7/1998 3:01:00 PM
From: Jerry Springer  Read Replies (1) of 10836
 
Charred,

You are right. Placer has made mistakes. The biggest was not informing their shareholders of the question of title on LC 4&6 during the first few years of work down there. Expect a shareholder lawsuit against PDG management after the ruling. To further back this claim up, ask yourself, why was Brook McDonald fired as head of PDG Venezuela back in March of 1997?

Answer: Because John Willson found out that McDonald had not disclosed to upper management the problems PDG faced concerning title to LC4&6. If you look at PDG financial statements today, PDG now discloses that there exists legal problems. Further, if you check the official gazette of Venezuela, you will NOT find that PDG or CVG has EVER had title to LC4&6!

Other PDG disasters(recent):

a) kicked out of Costa Rica

b) kicked off of a property in Argentina after drilling the property for 18 months

c) huge chemical spill in Phillipines which caused PDG to divest of it's operations there

d) illegal bidding for a property in Kazackstan cost PDG $25 million---in fairness I'll acknowledge that PDG has reached some sort of settlement with the govt, but will not get their entire investment back.

Charred, you need to get informed.

You may order my video by calling (800)560-4321.

Jerry Springer
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