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

To: Robert who wrote (528)	11/24/1999 11:36:00 AM
From: Enigma	Respond to of 1178

$4.00 - I don't think this price can be considered as a ceiling or a floor - it was, after all, the price for a pp including warrants to buy stock at $6.00 over a two year period. The $6.00 figure is interesting in that it contemplates the possibility of much higher values - the right of first refusal for ABX on Tulawaka being merely a safeguard for ABX - since this property figures strongly in the reckoning. This was a concession easily given by PGD since it has no intention of disposing of the property.