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Placer Dome (SCSC) SqueezeTrigger Price Is $15.43. Short Sellers Down Nearly $25 Million After Barrick Gold Makes $9.2 Billion Hostile Takeover Offer.

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M2 PRESSWIRE-31 October 2005-BUYINS.NET: Placer Dome (SCSC) SqueezeTrigger Price Is $15.43. Short Sellers Down Nearly $25 Million After Barrick Gold Makes $9.2 Billion Hostile Takeover Offer(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:31102005

www.buyins.net, announced today that the 5.9 million shares declared short on Placer Dome (NYSE: PDG) have a SqueezeTrigger Price of $15.43 per share. Barrick Gold Corp. on Monday unveiled a hostile cash-and-stock offer for Placer Dome Inc., valuing the Canadian gold miner at $9.2 billion. Barrick said it'll pay up to $1.2 billion in cash and issue up to 303 million shares for Placer Dome, valuing it at $20.50 per share. Short sellers are down approximately $25 million as the stock is trading near $19.90. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.buyins.net/squeezetrigger.pdf.

From January through September of this year, an aggregate amount of 159,307,409 shares of PDG have been shorted for a total dollar value of $2,458,187,374. The PDG SqueezeTrigger price of $15.43 is the volume weighted average price that all shorts are short in shares of PDG. Since crossing above that price, the shares are up nearly 29%. There is still approximately $116 million worth of potential short covering in shares of PDG.

Placer Dome, Inc. (NYSE: PDG) engages in the exploration for, and the acquisition, development, and operation of gold mineral properties in Canada, the United States, Australia, Papua New Guinea, South Africa, Tanzania, and Chile. Its products include gold, copper, and silver. As of February 23, 2005, the company had interests in 17 mines in 7 countries. As of the above date,...