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

To: Phil Jones who wrote (9278)	3/27/1998 11:39:00 AM
From: Elizabeth Andrews	Respond to of 14627

Ownership of a stock tends to make one brain dead from time to time.

To: Phil Jones who wrote (9278)	3/27/1998 1:26:00 PM
From: Shirley Owen	Respond to of 14627

Hi Phil, Facts are the first objective. By gathering all the facts and using them as a basis...you can get a better picture. You can't complete a puzzle unless you have all the pieces. You can't be objective if you don't have the facts. Facts are how we make the decision to buy into a stock. In looking at PFG, or any other stock for that matter, you have to know all about the management, the property, the results, the finances, the progress and on and on. What we do know on this property is that there are also many unanswered questions...too many. There is a puzzle to be completed, for sure. Speculation is the second part, where we anticipate the increase of the stock by way of an increase in the asset. We all know that if we speculate correctly we will make a lot of money. So, my speculation is this: Why have they not sought to define the boundaries of the complete strike length? How did the picture of the potential reserves change so drastically downward? How did a person of Zaunschwerb's stature and reputation, with the complete co-operation of Barrick geologists on a visit to the property, make such a mistake? Why have the other targets not been tested? Most importantly, Why is Barrick still there? After weighing many factors, I arrived at the conclusion that there is, on balance, with what I have seen, heard, and read, probably more here than meets the eye, and that is why I hold. I have to admit that I am quite disappointed in the slow progress by our management, on developing any of the other properties that we hold, and again, I ask why? Others may have a different opinion. You must ask yourself your own questions. In the end we all must decide for ourselves whether the potential for a higher price under this stock is feasible. You should never be swayed by another persons opinion, but by doing your own research, and making your own decisions, because it is only you who must live with the consequences, good or bad. For all the shareholders, I wish them the best and hope that whatever decision they make that it works out well for them. Cheers Shirley