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


To: long-gone who wrote (74057)7/27/2001 9:26:24 AM
From: Ken Benes  Read Replies (1) | Respond to of 116760
 
Yes, a decrease resulting from a merger. The problem, as Palooka continues to get creamed with predictive left hooks, is all the artificial supply that 21% hedged position released to the market. Everyone understands the game except the occupants of the nest, ie barrick selling at 15 vs 19 prior to the merger, barrick selling at its pre split 93 price inspite of a huge gain in reserves and production. Your dream team at barrick has helped pull the rug out from under the gold market, become more a banker than a miner, and returned nothing to the owners of the company unless they are traders. Bravo for barrick from the nest in misplaced acclamation. What else is new.

Ken