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

To: Quickdraw who wrote (10997)	12/29/1998 4:03:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 14627

Rick, good to hear from you. The way PFG seems to be going through the cash, you could be right on about their desire to see the Jan warrants exercised. Maybe they'll get carried away and kick out the Feb Options also:) Here's hoping 1999 treats us all better than 98, Dave

To: Quickdraw who wrote (10997)	12/30/1998 6:40:00 AM
From: Shirley Owen	Read Replies (1) \| Respond to of 14627

Hi Rick, I knew someday those stats would come in handy for something.:-) I remember, at the time, I wondered if I was nuts! Under different circumstances your reasoning would make sense, HOWEVER, this is a "horse of a different colour", and so I have a different point of view for the warrants coming due Jan.31,'99 and the options on Feb.3. You were saying that you thought they would make sure they were in exercise territory because it would put $3,762,000 into the coffers. I say that 1,475,000 of these warrants are in the possession of the old management, former employees, relatives, and their friends. I doubt very much, given the animosity between the old and the new, that they would want to put an additional 1,475,000 shares in their hands. So I feel it is very unlikely that they will want to add fire power to the old. As far as the million that they, and their friends hold, well it would be a simple exercise to let them die unexercised, and when the options that expire on Feb.3 are due, they let them expire as well. Remember they reserve the right to issue new options, and probably at a much more favourable exercise price, and as far as the warrants go...well you can always do another financing and issue more. (I sure the heck hope not), but it may well be in the cards down the road, at the burn rate that is going on. Only time will tell, my old friend, but it is better to be prepared for any event, as we have all learned the hard way.((: Sure nice to see you on the thread again, Queecksdraw. You have been mightily missed by all.:-))) I'll get back to you later. My company just left and I have to readjust my schedule, to stocktime.:-)) Getting ready for the '99 season, which I hope is a LOT better than '98. Man! oh man! oh man! what a year it has been! Cheers Shirley (The night prowler)