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To: Alias Shrugged who wrote (43433)12/4/2000 11:32:18 AM
From: pater tenebrarum  Respond to of 436258
 
i'd take one North-Am stock and one South African in that case, i.e. split up the proceeds...e.g. HM & GOLD , or HM and HGMCY.

HM is imo the only reasonable North Am alternative to NEM...as it is also largely unhedged.

another possibility is of course to buy BMG, which will be taken over by NEM. the ratio is 0,105 NEM per BMG stock, so you'd have to buy roughly 10 times as many BMG stocks to replace the NEM you're selling.



To: Alias Shrugged who wrote (43433)12/4/2000 11:35:03 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<What gold stock would you replace it with to avoid the wash sale?>>

I'd choose AEM, they're a relatively unhedged No. American producer. HM would be a reasonable choice, though not a pure play. If you don't mind the currency exposure, then ASA, HGMCY or GOLD are options...



To: Alias Shrugged who wrote (43433)12/4/2000 11:42:46 AM
From: re3  Read Replies (1) | Respond to of 436258
 
Mike my understanding is that call options on a stock are not the same article as a stock itself, so if you were to buy, say jan in the money calls on nem, and sold nem today, that would be okay. best to confirm with an accountant. i was told this was okay by a canadian chartered accountant.
and you'd only exercise nem back after 30 days anyway.

any comments on this ?