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


To: Natedog who wrote (9548)4/23/1998 10:53:00 PM
From: Phil Jones  Read Replies (2) | Respond to of 14627
 
Nathanc: No proof of it, but I 'suspect' that Diablillos has a lot more gold than the 0.3M ounces. How can there be 100M+ ounces of silver -- and so very little gold? The earlier figure of 4M+ ounces of gold was what attracted many of us to PFG, and we never did get a satisfactory explanation of how Cinderella's carriage suddenly turned to a pumpkin (check if CMS is still wearing the slippers)! Eric Z. told Darren that the 4M+ ounces had all been a "mistake", but we never heard how such a mistake could have been made. From what I understand, Mr. Z. had never made a similar mistake before. How could he be out by a factor of 10 -- not 1.5 or 2, but 10?! Something fishy here -- and the two Oceans are both a long way from Diablillos.



To: Natedog who wrote (9548)4/24/1998 5:24:00 PM
From: James G.  Read Replies (1) | Respond to of 14627
 
I've flipped PFG three times since November, but my long-term plan has always been to accumulate, not take profit. I'll probably hold for the next few months -- I'd feel like a real idiot selling at $1.30 if they make a major announcement.



To: Natedog who wrote (9548)4/24/1998 5:51:00 PM
From: marcos  Read Replies (2) | Respond to of 14627
 
"Drill fantasma if its next, that'll get us out of limbo..."

Exactly - that seems like the next logical move, eh

James has a point, imho. Management gets dumped on a little too vigorously around here, imho, as they really are trapped by the Barrick deal that preceded them, and will continue to be for some time.

Not that they couldn't do better than they've done - but they did try, with Leticia, and it was a bust. I would hope that they are planning at this moment to stick a drill bit into Fantasma, to accomplish three objectives;
1. To find out what's there.
2. To stimulate Barrick into a decision.
3. To lift the freakin stock.