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

To: long-gone who wrote (72825)	7/4/2001 10:22:47 PM
From: lorne	Read Replies (2) \| Respond to of 116753

Africans pour scorn on Barrick-Homestake deal. " Local analysts have slated the deal, which they say fails to deliver any real operational synergies and makes a mockery of the industry's unspoken promise to reverse decades of value destruction. At the centre of the barrage of disapproval is the 31 per cent premium paid by Barrick for the lower margin Homestake. " " Godsell remarked last week that "buying gold companies that were trading at 40 per cent premiums was only likely to destroy value". Full story >>> mips1.net Barrick-Homestake is all about hedging. mips1.net 'Barrick burned at the stake' - analyst. " HSBC Securities has recommended its clients sell their shares in both Barrick [NYSE:ABX] and Homestake Mining [NYSE-HM] after the two announced their $2.3 billion merger yesterday (25 June). " mips1.net