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

To: AriKirA who wrote (520)	11/20/1999 1:45:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 1178

AriKirA, As I have stated before, I think Pangea will do well. Where we differ, I think, is in the timeframe. The deal with Barrick has pushed possible takeover speculation out into the future somewhat. Looks like a very good deal for Barrick, with the warrants. For Pangea it remains to be seen why they did this. The market reaction appears to confirm this. The deal was a disappointment for shareholders, unless, I repeat, there is something else afoot which required the funds provided by Barrick. Otherwise, I don't see why Pangea would have done this deal!