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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Quickdraw who wrote (8984)3/5/1998 5:01:00 PM
From: Enigma  Read Replies (1) | Respond to of 14627
 
'Beat out that Rhythm on a drum' Must take a short time out and get on with some other boring things, like filing. The music is nice though.

A point I raised earlier - I wonder if by selling its 30% interest in the holding company PFG won't incur a large tax bill? This may depend on the tax domicile of the holding company (Caymans?)

If it sells the company for ABX stock the shareholders will get a tax free rollover - the ACB of their new shares being the cost of their PFG stock.

Tax apart, and it may not be a problem, your scenario would seem to fit in with the kind of people running the company. The shares would settle back from people taking their money and running .This could be offset by PFG announcing some new deal/s quickly.

I agree, too that ABX would be subject to criticism (more than that) if a bid was made before full drilling results, etc. were published. What was the situation with Ariaquipa?

Spring is almost here!



To: Quickdraw who wrote (8984)3/7/1998 10:00:00 AM
From: Phil Jones  Read Replies (1) | Respond to of 14627
 
With about three or four weeks before a news release, should we shortly see a price rise as insider leaks start of information that's above the expected 130M ounces of silver and 400K ounces of gold? For instance, are the results of the twinned RC/DD holes expected in the news release? I have looked through the earlier posts here, but can't see an answer to that. Thinking back to the VSE-to-TSE move that Quinn got advance notice of, we only heard about that three or four days before it happened - and the price started moving up only about two days before the move. Rick and Marshall were musing about $10/share being possible at some point soon; I'd take $10 and run just as fast as my legs would carry me. :)