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

To: Enigma who wrote (1038)	6/7/2000 11:52:00 PM
From: Jimsy	Read Replies (1) \| Respond to of 1178

Hi Enigma - re the financing. Great vote of confidence in the company progress. I was being told that there were a few institutions around looking for 200,000 blocks of shares. Well guess what, the demand was so great for these blocks of shares that the financing was even oversubscribed and the institutions get their shares without going into the market and driving the price up. Now in order for this financing to be completed at the $4.50 I would expect that Pangea might have to put out some more good news between now and the closing June 29. They might have to keep the stock price well above $4.50 in order for the financing to go through smoothly. All in all, it was a pretty good AGM, very good update on the projects, lots of drilling going on now on key properties and on potentially very good areas of these properties, so news can come at any time. One thing is for sure, if you's drilling lots, you can be finding things. Them companies thats not drilling, well can't find if you don't drill. I reckon Pangea has more drilling going on than most of the other juniors put together! Now if the price of gold keeps on trending up, we could see some more scampering to pick up shares before they climb on toward $6 bux.