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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Archie Meeties who wrote (357)7/11/2000 9:11:26 AM
From: russwinter   of 4051
 
If the new Goldfields/FN takes ASL's hedge book in a deal, it would seem likely they would liquidate it. No hedging is the stated goal of both of those companies. Bullish implications for POG? Potential problems for the bullion dealers? No love lost between the dealers and Thompson of Goldfields and Lassonde of FN. I can hear the phone call now, "Here's our check, now deliver our f---- gold! Indeed, I smell a potential ambush.

S Africa's Gold Fields said to be in talks on Ashanti assets
Johannesburg--July 10--South African gold producer Gold Fields Ltd. is
rumored to be in talks with Ghanaian government officials that could see it take
control of Ashanti Goldfields' non-Ghanaian assets and its hedge and debt
position. Although Gold Fields officials would not comment on the speculation, a
source close to the deal told I-Net Bridge that Gold Fields had made proposals
to the Ghana government recently and were "very favorably received."
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