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

To: Enigma who wrote (1163)	7/12/2000 1:21:11 PM
From: terryswift	Read Replies (1) \| Respond to of 1178

I think MDN's problem is the lack of recent drill results at Tulawaka. That was also one of our problems when this deal was announced. The labs are backed up. Well, maybe PGD should have waited to accept this offer until they saw current drill results. At any rate, I wouldn't want to be an MDN stockholder right now.

To: Enigma who wrote (1163)	7/12/2000 3:50:23 PM
From: russwinter	Read Replies (1) \| Respond to of 1178

I don't know what to make of ABX. As you know I have been a critic. There seems to be this sense that they are out to steal projects, dilute their partners and generally try to get something for nothing. Although there is certainly nothing wrong with shrewd deal making, at some point it is important to think in terms of keeping the junior sector alive. If their business ethics are as marginal as many infer (and it is admittedly hard to judge if they cross that line) then this short sighted approach will tend to come back and haunt them later. I am really rooting for some new players among the majors who will pick up the ball and treat juniors with deposits a little more liberally. Unfortunately the majority of the majors are more "dead men walking". The industry is clearly in a severe crisis. To me, only FN/GOLD seems to have the potential to recreate a very tired business model and rejuvenate the industry.