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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (90211)	4/18/2001 7:54:33 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Gold Stock buys at/after the close ! Roe - I just now checked & saw the 20K - 50K+ block buys at and after the close. GOLD - 29,700 & 52,000 buy block HGMCY - 24,300 & 52,600 & on a day they announced shutting down 300,000 ounces of unprofitable production ! - the miners are learning how to play this game ! - collapsing, unprofitable production... a little oilpatch deja vu there ? NEM - 38,800 , 43,200 & 9000 PDG - 35,000 & 42,000 AU - 10,300 KGC - 47,800 & 27,500 HM - AEM - 15,900 There's a bungle in the jungle percolating here... I can feel it, I can smell it and it's comin' - bank on it ~ the toes know... where's lifegard ?

To: SliderOnTheBlack who wrote (90211)	4/19/2001 11:25:17 AM
From: Archie Meeties	Respond to of 95453

That's coming, but from the otherside... m1.mny.co.za "Indeed, the most striking aspect of the deal is the interplay between two polar opposite philosophies on gold hedging. Franco disavows hedging in the strongest possible terms, but that didn't stop it taking what amounts to a controlling bloc in one of the largest hedge books owned by a producer steeped in the Australian industry's proclivity to sell forward. Doug Pollitt of namesake Toronto brokers Pollitt & Co. says he welcomes the deal precisely for the opportunity it affords Franco to take off Normandy's hedgebook. "Franco didn't walk in there with a presumption to hedge." biz.yahoo.com biz.yahoo.com Here's a familiar line... ``Today cash is king and everything else is interesting. Franco-Nevada is one of the few companies that have cash and is interested to do it. The other ones can't do it because they don't have the cash to do it.''