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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan P. Myers who wrote (25)	11/15/1997 12:22:00 PM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 199

IT's Going To Get A Lot Cheaper Me Thinks. 192.139.81.46 All The Best Taurus

To: Jonathan P. Myers who wrote (25)	11/15/1997 7:25:00 PM
From: GOLDIGER	Respond to of 199

Dear John, "As a result of this writedown, Pegasus, the company is in default of certain restrictive covenants," Pegasus said. The company is in talks with its lenders and is working with restructuring specialists to find ways to survive low gold prices. Creditors, however, could put the company out of business, it suggested. "Absent adverse action by its creditors, the company has sources of liquidity to continue planned operations through 1998." Not a good sign for the whole industry. GOLDIGER.