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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (14471)	1/10/2002 3:59:04 PM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 14627

I doubt there's a shake up coming. I think Shrake started with the Dayton people in a different company. DAY already has properties to work on. Why couldn't Dayton just raise the $$ themselves? What do they need from PFG? Just the cash? PFG has about C$2.6 million as of Dec 31-01 and DAY has about C$9.9. Combined PFG has 23% of the liquid assets and DAY has 77%. This before considering the value of the DAY properties and the future cash payment to PFG from Silver Standard. But on a market cap basis it's 30% PFG and 70% DAY, advantage to PFG. In simple terms PFG shareholders are getting a good deal as they are accreting 7% just on their liquid assets and gaining the value of DAY's property portfolio which has some blue sky. If you don't like the deal PFG is not the one to short. It looks like a sweet homecoming to me and the current management of DAY, which is solid, will be running the show. As a PFG shareholder you should be happy and not upset anymore.