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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (7616)	9/3/1999 12:03:00 PM
From: m.philli	Respond to of 81397

Morning, Richard, before I can start working on Act 2, I need to determine some more information. (I'm having trouble opening pdf files) How many directors does Barrick have? Does Trizec Hawn still have the largest block of Barrick shares consisting of 30 million? I know Peter Monk and Brian Mulrooney of Trizec are on the board of Barrick. Does Trizec Hahn have control over the board of Barrick, enough to determine policy? Trizec Hawn sold 28 million shares of Barrick. 6 million outright and the rest in installments. Were these shares sold in large blocks or in small distributions? Barrick trades on exchanges all over the world, how many shares are traded worldwide on average daily? Theoretically how many shares would be have to be held by an entity or group of entities, to be able to effect Barricks share price on the markets. Theoretically could the aux be manipulated through the trading of Barrick shares. If the gold price through a group of entities could be manipulated day to day on the comex, could at the same time the gold stock index be manipulated also. How much stock would be required? If entities know gold was going to sell off tomorrow, could the same entities, theoretically sell off Barrick today, then as gold fell tomorrow and subsequently the gold shares, could they then buy back Barrick on the drop. Repeating this over and over, how much profits could be generated on this play worldwide? Theoretically, is this possible? thanks.

To: long-gone who wrote (7616)	9/4/1999 2:17:00 PM
From: m.philli	Respond to of 81397

Morning Richard, it's the weekend! For any interested in corporate intrigue: A closer look at Barrick and Trizec Hahn. Directors of Barrick Gold: total 15 BECK, BIRCHALL, MULROONEY, P.MUNK, ROTTMAN, WILKINS, CARRINGTON, COHEN, COSGROVE, EYTON, GILMOUR, McNAUGHTON, NEY, A,MUNK (RELATIVE) AND PRES.,CEO. OLLIPHANT. Directors of Trizec Hahn: total 13 BECK, BIRCHALL, MULROONEY, P.MUNK, ROTTMAN, WILKINS, POHL, O,CONNER.JR., THOMSON, SIDEBOTTOM, RUFRANO, L'HEUREUX, THOMAS QUINN111(MANAGING DIRECTOR J.P.MORGAN CAPITAL) EXECUTIVE COMM.(Barrick) :P.MUNK, B.MULROONEY,G.C. WILKINS and unrelated member McNAUGHTON FINANCE COMM.: (responsible for investment strategies, And Premium Gold Sales program) C.W. BIRCHALL,G.C. WILKINS and McNAUGHTON. From what I can see, the finance comm. is controlled by Trizec hahn people, the executive comm. is controlled by Trizec Hahn people, and the full board of directors would be controlled by Trizec Hahn people with the support of P.Munks relative, A Munk (formerly of Horsham-precursor to Trizec Hahn) and the support of Olliphant (Pres. and Ceo. ,recently appointed) or any one other director. I think that we could safely assume that Trizec Hahn could control Barrick POLICY (if it was their desire). One of the first questions that arises is : Trizec directors are in control of the finance comm. of Barrick and determine GOLD SALE POLICY, AND INVESTMENT POLICY. Barrick has invested a great deal of money obtained from their Premium gold sales policy, HAS ANY OF THIS MONEY BEEN USED IN THE RE-FINANCING OF TRIZEC HAHNS DEBT (CONVERTIBLE AND SECURED BY THE 30 MILLION BARRICK SHARES HELD BY TRIZEC? Trizec has said they were able to save 11 million per anum by this refinancing with an interest rate tied to Barrick's dividend and a basic rate of 1.35 %. (imo)this would amount to a possible conspiracy for Barrick's gold sales policy (cash for Trizec expansion)but would be limited to the two companies themselves and not necessarily tied to any "outside conspirators". The second question on their gold sale policy in relation to a possible "external"conspiracy, could be examined through Trizec Hahn's (therefore Barrick's) relationship to J.P. MORGAN CAPITAL . due to the managing director of J.P. MORGAN CAPITAL being a DIRECTOR on the board of Trizec Hahn! Whether this director or any others on the board of Trizec Hahn were able to influence the finance comm. and board of directors of Barrick into the policys they decided upon is not likely to be ever known. In hindsight the finance comm. and board of Barricks decision seems to have certainly been the correct one for ALL COMPANIES CONCERNED. this filing has the directors of Barrick. the address for Trizec Hahn is www.trizechahn.com sedar.com. <http://www.sedar.com/data13/filings/00161315/00000001/c%3A%5Csedardoc%5Ce_circ.pdf>