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Gold/Mining/Energy : Chesapeake Gold (CKG.V)
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To: Elizabeth Andrews who wrote (577)5/16/2003 10:39:29 AM
From: Claude Cormier  Read Replies (1) of 7835
 
<Gold wasn't $350 when FGX was sold. It was at $275 and that was why it was sold. >

First gold was more $300-$325 between the initial offer and the closing. But the sell had nothing to do with the gold price I think. It had to do with Marlin which was the real prey. El Suzie was only the appetizer. GLG would have move even with gold at $350... They didn't care the price of gold, the higher the better I think as they were exchanging shares of Glamis to acquire FGX.

I agree with you on RDU.
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