Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Terry Swift who wrote (265)	10/7/1999 8:36:00 AM
From: salva	Read Replies (3) \| Respond to of 1178

Terry, the fact that Ashanti will most probably not commence drilling at these two sites may be only part of the reason for the sharp drop- its more likely the concern that Ashanti who like Barrick is one of the the more important developer/producer in the lake Victoria area in tTanzania would now not be able to buy buy out Pangea. It was roumered that they were one of several majors that were interested in buying out Pangea & MDN-M (partner). So now with their survivial problems its a (?) My guess is that it will stir the interest of the remaining suiters like Barrick & Anglo Gold (the other partners)and maybe other majors to proceed more quickly to buy out Pangea as soon as all the results of all the drilling becomes available for us all to eveluate the true 'value'of Pangea in Tanzania-(especially-Tulawaka property) The post from the Ashanti thread together with Bill Murphy's-{{{head of GATA-Gold anti trust action - group fighting for 3 yrs the concept that gold was manuipilated and shorted by Central Banks, Major producers like Asjhanti and Hedge funds-}}} strong suggestion in his newsletter that "the coming play in the gold sector will be small junior companies that have found (cheap)gold reserves with few or NO hedges in place!)"--thats Pangea and Minere du Nord (mdn-m) -pangea partner in Tanzania. Am convinced both will be bought out- JMHO salva