Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Falconbridge Ltd.( T.FL ) -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (30)	5/22/2000 8:27:00 AM
From: Condor	Respond to of 103

I barely follow Noranda so my opinion is really not worth much. I have never liked the company, I find it drab and always lagging any sector rises. They , some time ago, have decided to get out of all resources other than mining and indeed have sold off much (all?) forestry holdings. They have declared about a year ago that they are interested in buying up all of Falconbridge on the open markets over a period of time. Apparently they have large capital expenditures coming up and that was why they were slowly buying back into mining since cash and a need to finance would be a large demand on them. That is all I really know. I see they are down from their one year high at $20 to $16.50. Generally it seems they are performing much like the lagging metals. In my mind, metals are due for an upwards correction in the next few months as investor sector rotation finds the metals again. Historically, Falconbridge and Inco join the economic booms very late into the cycle and tend to stay up a while as the boom collapses. This may be the beginning of that boom bust scenario in these companies now. (perhaps) C