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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 (58)	11/26/1997 2:18:00 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 199

After spending many late hours, I cannot understand how such an anomaly could exist. In simple terms it is only possible to explain it as a shell game of enormous proportions. Who can tell me if this company has any massive " off book" debts ? There are two points that seem very apparent out of this debacle : 1) As in the past many year the most obscene of debt was saved for the fourth quarter. 2) Mount Todd is no different than all of the other properties. It is my opinion that rather continue to produce gold at massive losses an outside audit would be forced upon them resulting in a liquidation of the assets. -Michael