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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Enigma who wrote (2454)5/2/2002 9:50:44 AM
From: nickel61  Read Replies (1) of 3558
 
What do you find uncredible? The fact that Barrick might consider trying to take over AngloGold or that they would send forty analysts to South Africa to work on the process if they were going to try a take over. The real issue is rather if AngloGold is going to try and fight off an unfriendly takeover from Barrick would they then try and increase their share price by taking advantage of their ability to close their hedges and therefore put upward pressure on the gold price and make their stock price rise to a level where Barrick is less of a threat...Seems obvious to me as well. What confuses you? You don't think Barrick would ever try and take over AngloGold or you can't believe that AngloGold would be smart enough to fight back it they thought an unfriendly takeover was likly? Time to declare yourself Enigma..are you a thinking man or not?
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