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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low
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To: MICHEL GUIBERT who wrote (1)12/5/1996 7:16:00 PM
From: Eashoa' M'sheekha   of 199
 
I Agree Michel.

I own some Dayton,that was a takeover target by Pegasus just this Fall.
Quite a few analyists were concerned with the high cost of production that
Pegasus carries but were very positive on the upside,were gold to have
increased value.They have quite a large reserve base,but again,high costs.
They were trading in the 16.00 C$ range at the time and it was expected
both would be under downward pressure if the deal fell through.They were
right.Scot,tell your Pegasus people they can have my Dayton for 14.00C$ and
nadda penny less:-)We may be both happier in the long run.

Good Luck

Bruce
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