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Gold/Mining/Energy : Gold Price Monitor
GDXJ 130.35+0.4%Feb 4 4:00 PM EST

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To: goldsheet who wrote (57020)8/5/2000 11:48:48 AM
From: long-gone  Read Replies (1) of 116961
 
My exact quote:
"but they are a LARGER company than same time last year"

Don't addition proven reserves = a "larger company"?

"Successful drilling programmes at Nyamulilima Hill in the Geita district of Tanzania, and Buzwagi in the Kahama region, have defined 2.6 million ounces of attributable resources. "

Now if you want to talk "bought" since then, Sunrise Dam was part of Acacia & I show it produced and was NOT part of AU in same quarter 1999!!!! :

ANGLOGOLD SET TO ACHIEVE 100% OF ACACIA

Date: Wednesday, December 22, 1999


South African-based AngloGold announced today that, having received acceptances for more than 90% of the shares in Acacia, it will initiate compulsory acquisition procedures to acquire the outstanding shares after the offer closes on Friday, 24 December 1999.
Remaining Acacia shareholders can expect to receive compulsory acquisition documents as early as next week.

AngloGold CEO Bobby Godsell said: “I am delighted that our offer has been so successful and that we will achieve our aim of holding 100% of Acacia.

“This acquisition puts a substantial number of AngloGold shares into the hands of Australian investors and creates a market for our shares in this important gold producing area.

“Introducing AngloGold to Australia will be completed when we join the All Ordinaries Index and the ASX Gold Index on 3 April 2000.”

AngloGold’s offer to acquire Acacia’s entire issued share capital involves an exchange of AngloGold shares for those of Acacia at the rate of 3.5 AngloGold shares per 100 Acacia shares. The offer closes on 19:00 (Melbourne time) on Friday, 24 December 1999.

AngloGold was entitled to 93.3% of Acacia shares at close of business on Wednesday 22 December.

HA!
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