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


To: Michael Bidder who wrote (75)12/23/1997 4:53:00 PM
From: Michael Bidder  Read Replies (1) | Respond to of 199
 
SECOND AND FINAL BANKRUPTCY LOOMES Take caution!

I believe that pgu has written their script meny years ago. They went after high cost properties that no one else wanted because of their inability to compete with the Barrecks and Placers of teh industry.

Mt Todd was either a Hail Mary pass or an outright fraud. I would like to believe the former.

The result now is a massive debt. Which could not be paid for 75 years at a generous 300 dollars an oz.

The Banks can only tolerate so much incompetance before they step in.