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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (12511)	11/15/2001 3:50:50 PM
From: sea_urchin	Respond to of 81084

Guree, Goldfields is an old bone --- in fact, a bone of contention! "On the downside, however, AngloGold would hardly be eager to up its exposure to South Africa, perceived as risky by first world investors. Those concerns could be placated by a post acquisition disposal strategy or by bringing in a partner keen on getting into prime assets in South Africa. The local production boost from Driefontein and Kloof would also be offset by the drop off in AngloGold's South African gold after the sale of the Free State mine 1.3 million ounces a year. The permutations are endless. Another stumbling block could be the ongoing hedging debate, which has done more to polarise sentiment within the gold industry than any other factor. It is likely that the anti-hedging segment of Gold Fields' shareholder base will kick against an offer by one of the industry's arch-hedgers" And, the unmentioned negative reason is that Goldfields management strongly dislikes Anglo and are unlikely to accede to a 'friendly' takeover. So, it would have to be war and then Anglo would have to pay through the nose, which they will not do. Looks to me that my dog may have to do without a bone!