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: russet who wrote (995)	5/28/2000 11:12:00 PM
From: Jimsy	Read Replies (1) \| Respond to of 1178

For a stox that just rocketted up and closed above $5 bux new hi for few years, pretty quiet in here. askresearch.com If we get some more drilling results with new zones, we gonna be headin up towards $6, but we c.....cud get some more before the AGM June 9th.

To: russet who wrote (995)	5/29/2000 5:14:00 PM
From: russwinter	Read Replies (4) \| Respond to of 1178

As you may know I've been a buyer of TNX. They are an earlier stage but much smaller cap play, and PGD investors would be natural buyers of this stock. I was really impressed with PGD's modest burn rate this quarter. Management is doing a good job of being a fiduciary for shareholders. Total expense were $315,681 and they earned $160,681 in interest income. Net burn was only $155,406. Here's a quick calc of the capitalization: 22.0 million shares out 3.4 million in the money options @ avg of 2.03, would raise US4.6 million 0.2 million in the money warrants @ 1.68, would raise US200K. ABX's 1.0 million warrant @ 6.00 by 12/01, likely to be exercised? Probably. Raises US4 million. Total shares: 26.6 million X $5.50= US98 million minus cash of US15 million= Enterprise value of US83 million. Implies 2.5 million ounces at $30 to $35.