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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

Dec 8 4:00 PM EST

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To: goldsheet who wrote (90800)	10/29/2002 7:33:34 AM
From: long-gone	Read Replies (1) of 116798

<<- First company that is likely to pay gold dividends True, but overall I would rather see mining companies pay no dividends and instead use the funds for exploration, development, or acquisitions. >> OK, I can see your point on acquisitions. Why though, if the companies are going to keep any profits instead of returning them to the shareholders(the owners of the companies) shouldn't the companies instead spend the profits instead on marketing. How do the mining companies or the shareholders benefit from the additional production which will result from additional exploration & devolpment in an already soft market?

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