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

To: kidl who wrote (1079)	6/29/2000 1:03:00 PM
From: Enigma	Read Replies (1) \| Respond to of 1178

I guess if discussions are going on and the stock is rising the company has to ask for a trading halt. And, presumably, as long as the discussions continue the halt will continue? If it's about a takeover offer - the implication is that it will be a friendly one. In which case the discussions might be along the lines 'how would an offer of $-- per share fly with you?' And if the answer is 'no' presumably the discussions will center around what the parties consider to be fair value. This might not be a lengthy process as management must have a good handle on the potential of all it's properties. There will have to be some feeling out of large shareholders IMO The fat's in the fire now so - so maybe things will speed up?