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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (4365)	6/21/2002 10:52:01 AM
From: dblclk	Read Replies (1) \| Respond to of 39344

Frank, I guess I'm one of the dumb guys mentioned in that article you posted. This explanation makes no sense to me, the part about giving me more exposure to silver than I already have with BAY before the merger. I bought BAY because silver was cheap and BAY had the goods in Mexico. Then BAY sells out to Pan Am who is a larger silver producer company and that fact gives me exposure to silver. The way I understand it now, these warrants are just a way for Pan Am to dilute me as an existing BAY shareholder when they call on my warrants to be exercised in order to finance Pan Am exploration in the future. All I see is exposure to Pan Am not to silver. I don't think my confidence in Pan Am is all that high since they are welching on the already announced BAY deal.