Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1091)	11/29/2003 2:39:51 PM
From: Wade	Read Replies (2) of 48092

Now, JPM is a big gold stock owner, ironically. Let's see the next move by JPM. Wade Reuters UPDATE - Gold Fields says JP Morgan buys more shares Friday November 28, 3:54 am ET (Adds more detail, share price) JOHANNESBURG, Nov 28 (Reuters) - South Africa's Gold Fields (GFIJ.J) said on Friday that J.P. Morgan Securities Ltd had exercised the manager's option to purchase a further 2.25 million new ordinary shares in the group at $13.00 per share. The mining group said the option, which was part of a share placing, had now increased gross proceeds to $224 million. Gold Fields, the world's fourth-largest gold producer, plans to use the funds from the share placement, representing 3.64 percent of its issued share capital, for spending in Ghana and Australia and to fund offshore growth opportunities. By 0852 GMT, Gold Fields shares were down 0.35 percent to 85.60 rand, underperforming a 0.5 percent rise in the wider market (^JALSH - News). The shares will be listed on the JSE Securities Exchange and the New York Stock Exchange (News - Websites) . It said an application would be made for the listing of the shares on the Official List of the United Kingdom Listing Authority and for admission to trading on the London Stock Exchange.

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