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Strategies & Market Trends : Natural Resource Stocks

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To: Jim Willie CB who wrote (6680)	1/25/2004 11:40:11 AM
From: crustyoldprospector	Read Replies (2) of 108645

Help me understand this NEM move better. Provided there is something worthwhile to do with the $, I do see the benefit to NEM of selling paper at the market high, and taking on debt at the interest rate low. That time is NOW. However ... I can't understand why Newmont would be buying other large producers at this stage. They are pretty pricey IMO, with the exception of Barrick. Maybe they expect a "good deal" on the market pull-back. Nonetheless, it seems like they would be better off buying out some hot-to-trot juniors with serious reserve potential. Simultaneously taking out Hunter Dickinson (controlling GBG & NDM) and Novagold might be a good first step. What say your crystal ball? Rumors?

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