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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: goldsheet who wrote (7647)9/4/1999 11:03:00 PM
From: Crimson Ghost  Read Replies (1) of 82047
 
Bob: I have to side with Searle on the question of consolidation and production cuts. If good for oil, copper, and aluminum, it will be good for gold also. The gold mining industry probably is the worst managed in the world from the standpoint of maximizing shareholder value.

As far as the mines cash flow goes, I as a stockholder am primarily interested in the stock price. And what the mines (collectively) are doing -- producing to the max and hedging at 20 year low prices instead of sharply cutting production -- has gravely damaged their stock prices. And are not private companies supposed to be run for the benefit of the stockholders -- not management, workers, or bullion banks.
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