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 (59)	11/26/1997 11:49:00 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 199

I'm not sure what you mean by an outside audit. All public companies are subject to independent audits, PGU being among them. This is simply a case of hard times being forced upon an operator with too much leverage. They could have built the company one mine at a time but chose the more aggressive route instead. They're now paying the price for their indulgence. They enjoyed superior share price performance in periods of rising gold prices over the past 15 years. The flip side though is incredible downside risk, which has been borne out recently. To me, there isn't anything mysterious going on here. Dale