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


To: Quickdraw who wrote (9255)3/25/1998 7:23:00 PM
From: Phil Jones  Read Replies (3) | Respond to of 14627
 
Even with all the uncertainty over PFG's future, I don't understand why the share price stays at such ludicrously low levels as present. Several calculations on this thread have shown the stock is worth over $5 on its silver holdings. Yet it lingers with a price that is just a small fraction of $5. Any thoughts on what is holding down the price?



To: Quickdraw who wrote (9255)3/25/1998 10:28:00 PM
From: Quinn  Respond to of 14627
 
Here is a copy of a msg. rec'd from Samantha and copied here with her permission:

_____

To: Quinn (who wrote...)
From: Pacific Rim Mining
Tuesday, Mar 24 1998 12:38PM EST

I should mention that Sam's comments are his own speculation, not ours. I just
printed the interview verbatim, if you want you can pursue his opinion with him, I
have supplied Sam's number on the website.

We have no idea what deal will be struck.ÿ It reads that we can reacquire the
70% for $10k US which is very 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.

Sam

PS Please feel free to post this for the others with similar questions

_______