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Gold/Mining/Energy : Kinross Gold -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (372)	10/12/1999 5:15:00 PM
From: Enigma	Read Replies (2) \| Respond to of 530

Are these new shares or a large block? Surely the latter - in which case it makes little difference. Edit - it was, as I thought, a large block dd

To: Real Man who wrote (372)	10/17/1999 12:42:00 AM
From: Tony from Niagara	Read Replies (1) \| Respond to of 530

Hi Vi You're absolutely right. The placement of 89,000,000 additional shares for sale on the market, out of a total of 300,000,000 outstanding, is not a bullish event. On the positive side, assuming we will see three up waves for Gold, and that we haven't already seen them, I make the upside target to be at or about $350 per oz. which is the present level of the downward sloping trendline from the highs of 1979. Such a higher price level for Gold should result in higher intrinsic values for Kinross shares. Regards Tony