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

To: Rolly who wrote (536)	4/10/1998 5:31:00 PM
From: Robert Dydo	Respond to of 892

Even better than words the results of drilling would make a huge difference. There is two weeks to close the deal they can still drill or already have drilled some holes like one from Feb 25. There are three elements making an exploration company a success. Cash, results and luck. PVO has cash, it seems that Rosia Montana could give them other two. For me, Bradstone offers nothing accept self interest and wants to take away what made this company stand out as a value. I would love to see PVO having less shares, but I look at it also this way. Such a number of shares (62M) will provide PVO with $20M in the course of 1998. At the same time their flexibility to finance through the market at low price will limit the amount of money and dilute company even more. My speculation, knowing above, is that PVO must come out as producer from this deal. They will have to have really high price in the future, cash flow or debt financing to continue operations otherwise. The options are thinning out therefore the speculation becomes more of a calculation. It is true that even with two choices the chances are 50/50 but there is no turning back or wondering what is next. PVO will produce or they go bust. Simple. Bradstone lied about their investment in PVO. If their intentions were to grow with the company they would approve this deal. The investment has nothing to do with percent of ownership. It has to do with appreciation of the initial invested means. Their action has disturbed the market, created fall of the price and panic selling. If anybody had the illusion about their plan, should not be wondering anymore. If they win they will destroy PVO and their shareholders, because as you know they care about their 18% and another 16% of supporters. What about other 66%? Regards Robert

To: Rolly who wrote (536)	4/14/1998 2:00:00 PM
From: Robert Dydo	Read Replies (1) \| Respond to of 892

I would assume that another barricade was placed by Goepel Shields at 0.65. I am quite sure they are buying for future profit. They are not aggressive enough to create strong holding against Bradstone and they are not justifying the ratio with GBU value. They want shares but if they can get them cheap is the name of the game. They do know more about GBU than us, their knowledge about properties is probably the reason why they are out there. The selling has also cooled off. Your assumption that sellers hated the deal can hold and thanks God they were only few of them so far. Of course Bradstone is holding but not buying. Rolly did you call company about any news coming from Rosia Montana? Regards Robert