ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: E. Charters who wrote (2464)	2/1/1999 7:54:00 AM
From: Link Lady	Read Replies (3) of 3282

Do you think gold is about to become interesting. Russia is starting to accept it as legal tender at their banks.Is it a start. Here are a few links that may interest abcnews.go.com Gold becomes Russia's latest live currency news.com Getchell was for sale for more than a year, analysts said. The only surprise was who the buyer was. Some analysts speculate Denver-based Newmont Mining Corp., Getchell's next-door neighbor and North America's largest gold company, may try to top Placer's bid. Placer and Barrick remain potential buyers. Both sell gold on forward contracts, providing steady cash flow from above- market prices. Newmont has less cash for acquisitions because it doesn't sell gold on forward contracts. news.com Takeovers Expected While exploration is set to drop -- particularly in heavily mined countries such as Australia and Canada -- spending on takeovers of companies hit hard by the price drop could rise. Mining companies already spend almost three times as much on acquisitions as they do on exploration. Hope you find these interesting & have a nice day Wendy

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