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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (87)	6/10/2002 2:31:02 PM
From: 4figureau	Read Replies (1) of 5423

4 down...many more to go..ABX will probably do 3 or 4 before year end: >>NEM plans to, "aggressively replace reserves while selling off low-grade assets." This needs to be done to reduce their 7.3 Mil. ounce hedge book that they inherited from Normandy. There are only 2 ways for ABX (and NEM to a lesser extent) to unwind their short positions. They need to quickly buy very large amounts of physical gold -- or acquire production. Seem as how they are in the business of selling gold.. buying production is one of their only options. One or 2 mergers and the trickle down excitement is going to drive the small cap gold stocks wild. My guess is that we will see 6 to 12 mergers and acquisitions by year end to over the next 2 years.<< Message 17517930

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