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To: Tommaso who wrote (149895)2/7/2002 4:56:38 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
<<Even a busted money-losing tech stock like Lucent still has a market cap about twice what NEM will be when the merger is complete--and NEM turned profitable before the recent run-up in gold prices.>>

Exactly. They didn't get NDY cheap, but if the POG continues to move it will look like a VERY shrewd acquisition 3 months (or less) from now. The beauty of it is, as they sell off the NDY hedgebook it'll help support the POG. It's a virtruous cycle to be sure....



To: Tommaso who wrote (149895)2/7/2002 5:25:32 PM
From: miklosh  Read Replies (1) | Respond to of 436258
 
Thanks for your reply Tommaso. Makes sense to me. I was thinking that it was also the day after earnings syndrome of late. No one seems to trust any Co's #'s lately.


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