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

To: Dale Schwartzenhauer who wrote (56)	11/25/1997 3:20:00 PM
From: Lightning	Read Replies (1) \| Respond to of 199

Dale: Thanks! From your reply, I assume that there is no specific news and/or rumor that is driving PGU to new lows, but rather its high leverage to the price of gold and/or precarious financial condition. Looking on the bright side, as the POG goes down, the value of PGU's hedging position goes up. Let's hope management is smart enough to cover at $280 per ounce. $80+ million would buy some breathing room, and as far as I can tell, this asset is not listed on the balance sheet.