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Gold/Mining/Energy : Pangea Goldfields T.PGD -- Ignore unavailable to you. Want to Upgrade?

To: salva who wrote (261)	10/6/1999 9:42:00 PM
From: jack BROSS	Read Replies (2) \| Respond to of 1178

hi SALVA, and all ,I THINK ONE IS ELIMINATED that's the game , ashanti has nice reserve in tanzanie ,but has played bad his card in HEDGING HIS PRODUCTION if they don't get the cash to pay the margin (the amount to buy his own gold production) co who needs reserve to survive will wait as shark and take ashanti and what goes with. PGD IS A NET RESERVE WITHOUT BANK PROBLEM. ABX AFTER RULING OUT HIS OWN HEDGING PROBLEM( 8 YEARS AT 3.80) which is not bad at all could eat pgd which doesn't have a margin problem . IT'S very funny how the puzzle goes . two things are sure. GOLD WILL STAY IN A HIGH DIRECTION. CO NEEDS SMALL OR BIG RESSOURCES (PGD) TO SURVIVE AND CORRECT THEIR HEDGING POSITION as you have well said SALVA JACK BROSS