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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: geoffb_si who wrote (883)	4/27/2001 1:52:33 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 4051

As far as S. Africa, I understand everyone's concern about doing business in S. Africa ON THE SURFACE. But you have to ask yourself, why would Franco-Nevada put itself at such risk with last year's proposed merger with Goldfields, if S. Africa was such a bad place to do business? Also, why has Placer Dome (South Deeps) decided to make a foray into S. Africa? Seems like Australia is the place to do business now. FN has gone that way. RTZ is almost an Aussie company now. PDG may go Aussie too.

To: geoffb_si who wrote (883)	4/27/2001 2:35:44 PM
From: jim black	Respond to of 4051

FWIW, and as a substantial portion of my Canadian gold holdings are in Franco-Nevada, I must observe and remind anyone who might forget, that management is FREQUENTLY WRONG...can anybody now think Armstrong was such a genius at AT&T, or Chainsaw AL was good for Sunbeam, or that Bernie Ebbers had the vision and prescience of a god at Worldcom??? The list is long. I for one thank S Africa for telling FN to take a hike. So did Mr Market, as their stock went UP after the announcement of the end of the proposed merger. None of the African nations where gold is mined is reasonably viewed in my opinion to be nearly as safe aplace to put money as in Western countries. I don't intend xenophobia, but grin at the possibility such a comment NOT bring on such charges. There is a Chinese guy on the Collapse of 2002 thread, one Jay Chen, who is a good source for alternate points of view. Again risking but not intending the ire or input of anyone thinking the following remark is political (it is NOT, it is just fact), the Bush Administration does nothing to engender my confidence at how the world will view US and its foreign policies, everyone but Tony Blair's England...caveat form paranoid me, watching out for my own dollars, beware foreign investment in politically sensitive substances...it is likely to get a lot less friendly out there. All JMHO jim black PS Franco-Nevada scares me now and then, so firmly entrenched as they say they are against hedging, yet buying a 20% stake in Normandy in Australia which has substantial % of assets hedged.