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To: re3 who wrote (50505)3/18/2000 10:17:00 AM
From: Enigma  Respond to of 116815
 
I'm not into any of the majors - looking for the 'big throw' I fear. I completely missed out on the Bema story. Only have PGD and GBG - but these are nervous times - because if the POG doesn't co-operate it's hard to see big gains - that's why I like take-over prospects where there are large, or potentially large, low cost deposits in the making. I'm sure there's a lot of money to be made from here on in with some of the majors - especially with so much hot air being spouted about you-know-who. If you want to take a risk I guess ASL might be a good play - but it's difficult to get any info on this company - for example nobody seems to know when the auction results for 50% of the Geita deposit in Tanzania will be announced.



To: re3 who wrote (50505)3/18/2000 8:11:00 PM
From: d:oug  Read Replies (3) | Respond to of 116815
 
<<...abx, so whats the big freakin' deal ?>>

<<love abx, overweight it, overhedging, underweight it>>

ikegodsey. Might be that you missed some posts or did not read between
the lines or its really not a real concern of yours with a not holding ABX.

At issue, as in concern about Barrick, is the near future potential criminal
finding that this company was in collusion with others in the anti trust
case brough about by GATA. If so the hedging activities are a mute fact
to determine share value, as all shareholders will have to pay the price
for any convictions for pentalities the court renders.

Bottom line, hold ABX and if GATA's story is played out as they predict,
then Barrick the company is toast for current shareholders.

Want to chance that when other equally matched gold companies are not
the focus of the GATA attack ?

To me its a no brain'er.

Doug