BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Turk who wrote (3726)	1/16/1997 12:00:00 PM
From: Goldberry	of 28369

A word for the wise. Just got of the phone with my best advisor. His comments were he doubts a better deal than Placers will come along because of there fortunate ability to avoid tax implications which for the bulk of Canadian holders is a major consideration. He also said Placer indicated there deal will take at least 3 months to get in place and his firm thinks it will be more like 6 months. They believe that stock will trade at a minimum of 10% below PDG until deal can be seen as going forward and arbs take a position. His advise sell in stages above $25. or $25.00 calls which provide $2.00 or more. He believes the opportunity will arise to buy back shares below $23.00 before deal will be done.

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