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To: Lucretius who wrote (39)	8/8/2000 7:59:21 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 335

So you agree that when AU does a secondary, that there will be more supply of AU's stock and therefore the stock will go down? Do you dispute the shares outstanding vs. float? So what is the sustainable price for gold? It doesn't seem to be at the current valuation. Also, save me some time here...were AU's earnings based on the actual sale of product or did they do any of that funny accounting where they are hedging or selling stock or collecting interest on investments?