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

To: salva who wrote (319)	10/20/1999 3:34:00 AM
From: Terry Swift	Read Replies (1) \| Respond to of 1178

salva: It was not my intention to imply that you were trading or using insider information. If that's the impression I gave, I apologize. The only information I get is from company's Annual Reports, drill results, press releases, and asking the IR's lots of questions; i.e., nothing that is not available to anyone willing to read and ask questions. I agree that Pangea is a small exploration company with limited resources. However, they have excellent management and their approach to developing their properties is brilliant, in my opinion. It's obvious there are no ego-maniacs running this company that insist on doing it themselves so they can become the next million oz/yr producer. They have wisely entered into JV arrangements with the largest major gold producers in the world and are willing to give up most of the ownership of their properties in exchange for the major putting up all the money and doing all the heavy lifting regarding bringing in the mine if a property will support one. I think its a brilliant strategy that leaves the company financially strong and extremely well diversified. We disagree regarding the goal of all junior exploration companies is to be "bought out". If I'm Pangea and have spent years finding, buying, staking, whatever is necessary, to acquire some of the finest gold properties in the world; especially in the country that is considered the hottest gold country in the world right now, Tanzania, the last thing I want is to be taken over after one good strike when I don't know what's on the other ten properties I've spent years researching and acquiring. I want to know what's on those properties because my company may be worth 10 times the takeover offer and nobody knows it. Different opinions. That's what makes markets. Regards, Terry

To: salva who wrote (319)	10/20/1999 12:42:00 PM
From: LaFayette555	Read Replies (1) \| Respond to of 1178

Hi Salva, BTW Terry I also agree with Salva that your use of the word insider led to innuendo.. The just released drill results look very promising and confirm the presence of more tham 1.6 million oz in that zone - one of many. Alternatively the market is not reacting to this good news : no move at all one way or the other.. This would further indicates that this stock has not yet been 'discovered' by the general investing community.. When it gets discovered, and it will in time, we will get what we all wish for IMO.