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Gold/Mining/Energy : Peruvian Gold Ltd. PVO -- Ignore unavailable to you. Want to Upgrade?

To: Rolly who wrote (529)	4/8/1998 10:47:00 PM
From: Robert Dydo	Respond to of 892

You are making excellent points, however why 0.70? It seems they could buy at any price, I mean lower, as trading had encountered only one retaining wall which were bids from GS. I know the level is representing 1.4 of GBU price but this doesn't make a reason for spending money to keep up to GBU price level? GBU is so thinly traded that it can go 20% up on 20K of shares. I think you are right, they are getting ready for Atkinson and they are buying those who don't like to wait for the result of the fight. I think those who hold are in PVO/GBU camp, accept Bradstone who doesn't sale for obvious reasons. I think that their bid is also a signal that PVO has found good deal and they are standing behind their choice. All those who hold hope for a gold mine and at least return of their investment can find support in us who helped PVO find the property. I think this is the message they are sending. Bradstone can go as far as cash per share which is only 0.88, others, they just want to get out. PVO needs to improve their news releases as this way they can bring comfort to those who don't know which route to take. If they drilled four or five holes with intervals as one from Feb 25, we wouldn't be seeing 0.70 for sure. Regards Robert

To: Rolly who wrote (529)	4/8/1998 10:53:00 PM
From: Andre Koluksuz	Read Replies (1) \| Respond to of 892

Thinking of the potential financial bloodshed that may occur between Mr.Henstridge and Mr.Atkinson, I have sold my shares of PVO. This merger, one way or other, will die without the approval of Mr.Atkinson. He bought 18% of the PVO stock and how can anyone expect the biggest shareholder of the company lose on his investment for reasons beyond his control.With this proposed merger the share price of PVO will certainly go further south. Although they are in abetter position to acquire another company for much less, they have in effect sold PVO (together with all the cash) to another god-knows-who junior. PVO mgmt, from the day they approved a poison bill against hostile take over attempts, have chosen to do battle with Bradstone rather than coming to a civilized agreement of some kind. If this thing gets nastier, they seem to be ready to bury the $12M cash in the ground so that Bradstone cannot get their hands on it. I will still be watching the story. May be I can buy back around 50 cents.