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

To: Terry Swift who wrote (491)11/15/1999 10:30:00 PM
From: Robert  Read Replies (1) | Respond to of 1178
 
The telling thing is that Barrick has secured the right to buy shares at a 50% premium to the current price. They paid for the right to buy higher, with no guarantee that they will win a bidding war. It might act as a bit of a deterent to other bids, but not much, or so it seems. In a tight gold market, a capital expenditure like this seems very positive.


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