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: salva who wrote (300)	10/15/1999 8:56:00 AM
From: jack BROSS	Respond to of 1178

abx has also low cost reserve in chilee,and peru below 150$ they must buy bigger reserve in tanzanie, and preserve theircash flow. if abx wants to bid on ashanti they have to show money to bankers. if they wants to bid mdn or pgd they only have to pay in shares. this is an opinion jack bross

To: salva who wrote (300)	10/19/1999 12:40:00 AM
From: LaFayette555	Read Replies (2) \| Respond to of 1178

Hi Salva, Interesting parts of a Reuters article on Ashanti-Barrick: Ashanti Goldfields Co Ltd won a breathing space from hedging counterparties on Monday and said it would consider all options after Lonmin Plc cut its offer for the troubled group by 20 percent. After a day of intensive discussions in London, industry sources said the Ghanaian gold miner had secured an extension to a temporary standstill agreement of >>>>> ''no more than a week.''<<<< An original agreement under which 17 derivatives counterparties agreed to postpone claims against Africa's third largest gold producer expired at 5:30 p.m. ''In that period of time we'll be looking at all viable alternatives,'' said one person close to the team advising the Ghanaian government, adding that South Africa's AngloGold Ltd and Barrick Gold Corp of Canada were among companies likely to be contacted. Ghana's government has a 20 percent stake and a veto vote in the country's biggest company. AngloGold has long coveted Ashanti's rich gold mines while Barrick is keen on the Geita gold project in Tanzania which would fit well with its existing assets in the east African country... Ashanti is Ghana's biggest company by far and the possibility that it will fall into foreign hands is a sensitive political issue for President Jerry Rawlings." end Well then Ashanti could sell assets to Barrick for example and remain an independent concern... saving face for those concerned.. A possibility worth considering ??? Regards.