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Gold/Mining/Energy : PHILEX GOLD INC (PGI) - TSE.... Trading at under 30% book -- Ignore unavailable to you. Want to Upgrade?

To: Ron Struthers who wrote (39)4/27/2001 8:28:48 AM
From: Jon Matz  Read Replies (1) | Respond to of 86
 
Thanks Ron, I was preparing to buy at .90, but am not interested in buying today. I'll hold the few share I do have, in hopes of a recovery in the price of gold and copper.

Thanks again, Jon



To: Ron Struthers who wrote (39)4/27/2001 11:05:20 AM
From: Claude Cormier  Read Replies (1) | Respond to of 86
 
Ron,

PGI has a lot of debt on its balance sheet. One amount is $44M due to an assciated company... Is this owed to Philex Mining... do you know the nature of the debt ?

With that debt in, PGI has already a market value far above $100M.


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