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

To: Jimsy who wrote (1054)	6/12/2000 2:10:00 PM
From: Enigma	Read Replies (1) \| Respond to of 1178

Yes and they want to keep the pot boiling. You may be a little surprised by my comments on the financing? I think it is very tempting for a junior whose stock has run up to do a financing - especially a company like Pangea with excellent management and an attractive story, and brokers buzzing around like moths around a flame. But it seems to me that the company should put the money to work as fast as logistically possible to build value and increase the share price. After all only last December the company said in a NR after the previos issue was pulled that it had no plans to raise any money 'at this time' Also JC Potvin said somewhere in the Annual Meeting material I believe that the company had enough money to meet all expenditures for '2 years' Suddenly they raise another $10 million and there is another $4+ million waiting in the wings via the Barrick Warrants + plus a couple of million of employee stock options. So, voila!, we are awash in cash. The point I'm making is that they should put the extra funds to work a.s.a.p.