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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: re3 who wrote (658)4/2/2001 8:02:07 PM
From: goldsheet  Read Replies (1) of 4051
 
Normany has a huge hedge, something like 10Moz out of 16moz of reserves. Adding Ken Synder adds reserves without adding more hedges, but leave them near 50%. I concur with russwinter that FN should have a positive impact on NDY management and hedge policies.

Personally, I am glad to see FN get rid of operations and go back to being a pure royalty / investment firm. I think they could put together a good portfolio (TVX and GBG, as suggested, are good candididates)

I have been thinking of NDY as a takeover target by Homestake. It now makes me wonder if FN/NDY might do the opposite - takover Homestake ??
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