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

To: marek_wojna who wrote (71544)	6/12/2001 12:37:07 PM
From: goldsheet	Read Replies (1) \| Respond to of 116790

> Then I guess buying them makes a sense to Harmony. Of course, different firms have different objectives, so the deal makes sens to both the buyer and seller. Anglogold is a 7 million ounce producer, who wants to improve cash flow and profits, looking to eliminate three marginal mines that produce about 1 million ounces. Harmony is a 2 million ounce producer who want to get bigger, owns properties adjacent to these mines, and might be able to do something with them Anglogold has not been able to. I wish Harmony well and hope that in addition to getting to produce 3+ million ounces, they produce cash flow and profits for shareholders.