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To: Tom Smith who wrote (144966)	1/20/2002 10:41:22 PM
From: Tom Smith	Read Replies (2) \| Respond to of 436258

But in the end, hedging played an important role in deciding who would take the spoils. Newmont's non-hedger status gave its shares greater leverage to the rising gold price in the crucial week runing up to the expiry of AngloGold's bid's. "Hedging was made a concern by the other side. A modestly rising gold price – and I am delighted that the gold price rose – favoured their bid in the last few weeks," said Godsell. He also said AngloGold had wound up 4 million ounces of forward contracts since the end of the September quarter, dwarfing the much-trumpeted 1.3 million hedge buy-back by Normandy announced yesterday. mips1.net

To: Tom Smith who wrote (144966)	1/21/2002 12:42:45 AM
From: J. Nelson	Respond to of 436258

What ya think ??? RHAT, 11.70 to 13.50 let's see how close of a offer if one that is to where they start. Could be close if the rev. increases more yet we will see it's just a guess from TA, and earnings. Regards, Jim.... P.S. What if IBM was to step in oh, boy would that become something of a twist yet I, think theyk are trkying to down size the service end of the bz at this piont and would not see it as something they would want .. who knows.