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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (52979)6/4/2000 5:21:00 PM
From: Peter Goss  Read Replies (1) | Respond to of 99985
 
<<GATA reporting rumors of major gold mergers in the near future. They also report gold miners coming under pressure from shareholders to follow OPEC and CUT PRODUCTION. The feeling is that a gold industry dominated by fewer more powerful players will be able to cut production more easily.>>

George and Heinz - I bet you already saw this but it was cryptic enough to make me think something was going on. Then your note made me think about it again.

biz.yahoo.com

JOHANNESBURG, South Africa, May 25 /CNW/ -- Shareholders of Gold Fields Limited (Nasdaq: GOLD; JSE: GFL) are advised that, as a consequence of Gold Fields being involved in discussions with a number of parties, the price of Gold Fields securities may be materially affected.
Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.



To: Crimson Ghost who wrote (52979)6/5/2000 10:03:00 AM
From: pater tenebrarum  Respond to of 99985
 
George, the industry is more than ripe for consolidation...it WILL happen. glad to hear the rally is met with disbelief...always a good sign. this plan to cut production has been floated a few times already...i think it's a great idea.

regards,

hb