Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (4418)	11/27/2001 11:06:32 AM
From: BSGrinder	Respond to of 36161

Slider, Are your chart targets based on Newmont's successful merger? What if AU ups their bid or if the merger falls through for other reasons? (AU has been making noises about the offer not meeting Australian regulatory requirements.) And if Newmont stock does drop to $16, their offer will be below AU's. From where I sit, freeing up the price of gold requires fewer ounces sold forward at fire-sale prices by short-sighted miners. If Newmont takes Normandy, that will happen. If AU wins, it won't. I'd like to hear that Normandy shareholders have voted for the Newmont merger before I buy more Newmont. What say you? /BSG