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To: Rarebird who wrote (55573)6/30/2000 2:16:27 PM
From: Enigma  Respond to of 116762
 
IMO fantastic for Barrick and bad for Pangea shareholders - too cozy by far.



To: Rarebird who wrote (55573)6/30/2000 3:11:34 PM
From: goldsheet  Read Replies (2) | Respond to of 116762
 
> Your thoughts here? Good acquisition?

A $C200M ($US130m) acquisition isn't a big amount for a $US7B company, so the ABX stock impact should be minimal. Lake Victoria in Tanzania is one of the premier gold regions in the world. It is rather early so the reserve/resource numbers are far from complete, but I think they should get over 5 million ounces proven and probable reserves once all the drilling is done.

Good acquisition, but it was so obvious - why didn't we load up on PGD in February/March at $3.50 and double our money ???

chart.canada-stockwatch.com