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

To: long-gone who wrote (54190)	6/13/2000 11:19:00 AM
From: LLCF	Respond to of 116759

< Franco-Nevada has a proven track record of growing profits, is completely unhedged and remains cash rich and debt-free.> Don't bother with him... he's just running out buying the stuff after you find it for him. DAK

To: long-gone who wrote (54190)	6/13/2000 11:11:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116759

Exactly what was I wrong about (in your opinion) this time? All I see from that press release is two companies who have not followed hedging strategies merging because they aren't as profitable individually. Btw, does the converse work with regard to the following statement in that release: We believe any increase in the price of gold >will produce significant increases in each of cash >flow, earnings and share price. Thus, a decrease in the price of gold will more adversely effect their bottom line than those mining companies who prudently use hedging strategies. We're going to see a long of mergers before the end of the year, Richard. We'll especially see them in the banking sector which, due to Y2K concerns, were unable to engage in mergers to any large extent. The reason for the upcoming merger activity has to due with a change in the US tax law with regard to pooling of interest acquisitions which takes effect in January, 2001. A strong banking sector usually equates to a strong dollar and weaker gold. I guess we'll have to wait until later this year to see if I'm "wrong" about this one...:0) Regards, Ron