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Gold/Mining/Energy : Pangea Goldfields T.PGD -- Ignore unavailable to you. Want to Upgrade?

To: salva who wrote (192)	3/24/1999 11:51:00 PM
From: Jimsy	Read Replies (2) \| Respond to of 1178

Barrick took out Sutton for about $500 million, Homestake took out Argentina Gold for $200 million, Barricks offer was around $150 million. So if Pangeas stuff works out, and we were in the same ball park for takeout, with only 20 million shares, this could be a $10 dollar stock! Since Pangea is well cashed up at $10 million, we can expect them to ramp up their activities on the Tulawaka to see if they can get it into this kind of ballpark. Better keep ones peepers open on this, because the who's who of the gold analysts will step into this in seconds because of the connections this company has established with its superb management team.

To: salva who wrote (192)	3/25/1999 8:12:00 AM
From: LaFayette555	Respond to of 1178

Globe says Barrick buys interest in Golden Ridge development Pangea Goldfields Inc PGD Shares issued 20,591,820 Mar 24 close $2.03 Thu 25 Mar 99 In the News See Barrick Gold Corp (ABX) In the News The Globe and Mail reports in its Thursday, March 25, edition that Barrick Gold is buying a half-interest in the Golden Ridge development in Tanzania and could increase its holding to 65 per cent, leaving Pangea Goldfields with the remainder. The Globe's News Bulletins column reports that Pangea said yesterday Barrick is purchasing the stock held by its previous partner, Randgold Resources of South Africa. Golden Ridge is estimated to hold 1.6 million ounces of gold. Barrick and Pangea are based in Toronto. (c) Copyright 1999 Canjex Publishing Ltd.