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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.87+3.9%4:00 PM EST

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To: long-gone who wrote (91892)12/17/2002 8:51:43 PM
From: E. Charters   of 116842
 
I am not sure why they need it but we can speculate.

1. They do not have that much cash right now and Christmas is approaching.

2. Petty cash is low and company coffee fund needs refurbishing.

3. If they don't raise the money now, next year they might not be able to as the Dow may no be their friend. After all, it will fluctuate.

1&2 are persuasive, but 3 is a possibility. Anglo has some long term project they have been putting off that is supposed to cost them about 2 billion.

You might mention to them that I have a couple of projects that would do well on the 1% on the money they acquire. I am sure it will be no trouble for them.

EC<:-}
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