Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (72297)	6/25/2001 9:08:57 PM
From: Tom M	Read Replies (3) of 116753

Quite surprised to come home tonight and read around about HM. What I haven't seen is anyone talking about the potential of shareholders not voting for it. I don't like the premium - almost at historic lows for a NYSE listed company for over 100 years. Also haven't seen any mention of potential higher bidders. Isn't there potential that this isn't a done deal? ABX needed HM more than any gold company & I don't feel that reflected in the offer. Seems like a great mandatory shake-out at 8 bucks though - before any GATA lawsuit outcome which could have made an HM buyout considerably more costly, IMHO, and according to historic charts when the companies assets weren't marked down at 20 year lows. Not to mention its announcement 2 days before another expected interest rate cut that would further cut into the gold carry trade and can be seen in the charts that recent cuts have been bullish for gold and gold stocks. I had no intention of getting out of HM at 8 bucks. It sure pried a lot of shares free today - if it fails to go through. It would have taken something of this magnitude to do it. Time will tell if this passes the smell test. Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next