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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Bat Man who wrote (1406)	10/17/1999 6:51:00 PM
From: m.philli	Read Replies (2) \| Respond to of 3558

I find it amazing, that no one thinks the fact that during the biggest turnaround in the gold market in decades, a rumor flies all over the press, that Trizec HAHN,( the LARGEST BLOCK SHAREHOLDER of Barrick, a company whose directors, who are not only joined at the hip, but occupy the same physical bodies, whose directors make up the finance management committee of Barrick and is responsible for their "gold sales strategy")is considering taking itself private! Trizec Hahn who's majority shareholder and president is also chairman of Barrick. Trizec Hahn who hold 30 million Barrick shares. Trizec Hahn who offered those same shares in a private placement financing (holders unknown) as security in a convertible debt financing where they could be acquired at $19 u.s. A convertible debenture which pays an interest rate "based on the gold lease rate and Barrick dividend" (is this a fixed lease rate or floating???) We know Barrick's hedging strategy is based on their firm belief that the gold price "would go lower". We know they have sold calls. We know Munk is a "gold man", gold and the gold market has been very good to him. It has given him his money, power, and respect. (I believe this is all correct, if not please correct me) The question I have to raise, and thought some others would ,is this: If the directors of Barrick who were positive gold would go lower and based their whole strategy on that belief, are the same directors of Trizec Hahn, whose majority shareholder is a "gold" man, NOW, out of the blue, wants to get Trizec Hahn private, I ASK WHY? AND WHY NOW? iS THEIR A FLAG BEING RAISED HERE? IF SO, WHAT COLOR? GREEN? YELLOW? OR RED????? p.s. what ever happened to former pres. and CEO Paul Melnuk?