Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Bidder who wrote (50)	11/24/1997 2:35:00 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 199

The new deal cannot be discussed because it hasn't been announced. The terms may also become more favorable in light of recent events. As I understand it the legal departments are working out the details. My current interest in Pegasus is really more related to the possibility of a J-V on claims adjoining the one million ounce deposit. That means we want to see them survive for the benefit of future development. The neighboring company has no appreciable debt and minimal overhead, so the survivabilty factor is strong. Also, at C$0.08 per share, the downside is limited. Dale