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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Rarebird who wrote (73749)	7/21/2001 12:42:42 PM
From: goldsheet	Read Replies (1) of 116832

> Still think ABX overpaid for HM? > Veladero is a real big time winner for ABX moving forward Agreed, ABX got a great deal. Barrick will buy the shares Homestake issued around $9.50 to buy Argentina Gold almost two years later for about $8, and get twice as much gold resources. In retrospect, losing the bid for Argentina Gold was the best thing that could have happened to ABX. Homestake is effectively selling Veladero to ABX for less than they paid for it. > I shorted NEM on Friday above $20, as was my goal. I think NEM is the Dot Com of Gold stocks Valid point. They mine more gold than Barrick, generate less than half the cash flow, no earnings, and have lots of debt. It is volatile, which make it good for trading (long and short)

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