Pangea Goldfields T.PGD Message Board

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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Wade who wrote (53)	2/21/1997 11:06:00 AM
From: Robert	of 1178

Pangea received two buy recommendations recently. One was by Midland Walwyn, who set PGD as a top gold pick, with a 12 month target of $10.50, not accounting for the "blue sky" potential of many of its international projects. The second was by Wood Gundy, who set a $7.50 target, again conservatively based, and assuming that Fen Gibb does not come into production because of its high price production costs in a weak market. Speaking for myself, I'm not sure that they are correct in that assumption. In any case, these recommendations might explain, along with gold's recent rise, why we are seeing some momentum in the stock of late. Regards, Robert

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