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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (51774)	5/20/2002 2:01:26 PM
From: t2	Read Replies (1) \| Respond to of 65232

I really think it is quite possible that ABX and PDG will get cut in half later this year we will see I dont care except that higher than proper valuations for Barrick might enable them to purchase an unhedged miner using stock swap that would be horrible for the target and its sholders JW, At this point, a huge pop in POG is needed for any kind of blowup in companies such as PDG, ABX. I would not underestimating the management at ABX. They may buy out unhedged gold producers instead of buying back part of their hedges. Since no one really has a crystal ball on the price of gold, the management at the potential acquisition has no reason to walk away from any deal...as long as they get a nice premium. There is an expectation for consolodation in the industry (according to AngloGold--AU). My preference is also to buy the unhedged miners...as they are the likely targets, not necessarily because of their valuations but because buying such companies also becomes a bit of a "hedge" for abx, pdg, au types.