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


To: Quinn who wrote (9236)3/24/1998 12:08:00 PM
From: Bill Jackson  Read Replies (1) | Respond to of 14627
 
Quinn, True, however ABX can keep going and paying $4 m year year after 2000 and in essence keep the project on hold for that sum each year indefinitely unless PFG has a creative way to make them whole instead of trying to insist on $10,000 and try to make them walk.
In other words maximize PFG and at the same time make ABX whole for the work and investment they have put in with some kind of kicker.
Obviously printing shares is better than cash or net smelter royalties, unless the NSR is gold only. 2-3% of the gold component of around 500,000 ounces = 10-15,000 ounces of gold = $3-5 Million plus shares, or some such deal that allows them to get some return on their time and money above the mere $10,000 pittance.
Remember bridges are burnt only in wars, and there is no war with ABX.

Bill



To: Quinn who wrote (9236)3/24/1998 2:42:00 PM
From: stockman  Respond to of 14627
 
Have you heard of any other parties interested in PFG if Barrick walks? It almost seems like they are bracing us for that reality?

I still remember a year ago when everyone thought that ABX was going to make it's move. Then they were suppose to in the summer and then in the fall. It sure does feel like dejavu and here I sit with money invested when the share price was a lot higher.

Looks like I am going to have to turn that year long hour glass over again.
We do have a blue ribbon board but it is putting me in the red. I don't know why we need a board at all. What have they done for me lately except for regergatate information that Barrick releases.



To: Quinn who wrote (9236)3/25/1998 10:01:00 AM
From: Pacific Rim Mining  Read Replies (1) | Respond to of 14627
 
Dear Quinn, et al, I should mention that Sam Parks' comments are his own speculation, not ours.ÿ I posted it verbatim as editorial commentary on PFG. If you would like to follow up with him as to the basis of his opinions, I have included his phone number with the post. The actual agreement reads that we cab reacquire the
70% for $10k US which is quite low, given the work Barrick has put
into the project.ÿ We hope that, should the time come, we can strike an equity deal, so that we can use our cash to grow the company.ÿ Our
relationship with Barrick is excellent, and both parties understand the symbiosis between juniors and seniors...the deal will be a win-win, so that we can continue to rely on each other to create shareholder value on both sides.

Samantha Cramer