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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: miklosh who wrote (149893)2/7/2002 4:51:00 PM
From: Tommaso  Read Replies (2) of 436258
 
I think some people are still uneasy at the amount of money NEM paid to complete that merger. Also, it had made quite a move up from its lows. But of course I don't really know. I do believe that the biggest gold company in the world may attract increasing interest from mutual fund managers.

Even a busted money-losing tech stock like Lucent still has a market cap about twice what NEM will be when the merger is complete--and NEM turned profitable before the recent run-up in gold prices.
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