Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: MetalTrader who wrote (3949)	11/14/2001 10:56:04 AM
From: SliderOnTheBlack	Read Replies (1) of 36161

NEM's move.... That Franco Nevada is so upbeat about the merger speaks volumes about the deal. Franco is sitting on a ton of Cash (nearly $1 Billion) and virtually no debt & has been on the prowl for acquisitions. This combo is now "THE" unhedged global gold producer with a $1 B Cash injection to boot... Doing Franco Nevada and Normandy simultaneously.... sounds like someone's calling the secular bottom in Gold Prices here & betting the company on it (vbg). Load it all the way down, as far as they want to take it....

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