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

To: goldsheet who wrote (80408)	12/31/2001 11:08:52 PM
From: PAUL ROBERTSON	Read Replies (1) \| Respond to of 116814

in life, timing is everything. A lot of people would disagree with this statement. The management of FN feels that it is time to be overly exposed to gold. If the gold price holds its own here, they will likely win the present war against AU and ABX. If gold falls $15+, Nem might lose in its takeover efforts. Lease rates were down today...... if i were AU and ABX i would be flooding the market with forward sales so that NEM would literally drop right out of the picture as their stock price would likely lose a greater percentage value than that of AU. The price of gold is a very important factor over the next couple of months in determining who will be king of the hill, pit etc...What a war to witness.......facinating. One large factor working in NEM's favor, if gold maintains its present value, is the moral support it is likely to receive from Normandy shareholders and investors alike. In the event of a lower gold price, dollars and cents will probably dictate who Normandy shareholders tender too, possibly leaving NEM on the lurch.