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To: Box-By-The-Riviera™ who wrote (20400)9/13/2003 7:54:13 PM
From: The Vet  Read Replies (1) | Respond to of 39344
 
NEM kept 4.9% when they could have sold the lot. I heard that the dealers who bought the 28 million would have taken the lot but it was not offered. I think that NEM simply has a deal going that needs the $218 million cash.. I expect we will what NEM needed the cash for soon. Of course by retaining 4.9% that is below the reporting limit of 5% so they can sell off the remainder as and when they like without having to tell the market in advance...



To: Box-By-The-Riviera™ who wrote (20400)9/13/2003 9:02:14 PM
From: yard_man  Respond to of 39344
 
I think the reason NEM sold is neither bullish nor bearish for the stock -- simply a business decision on their part. It's not like some big investment institution selling.



To: Box-By-The-Riviera™ who wrote (20400)9/13/2003 11:02:15 PM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Hard to say. I depends on the reason. They may want to raise cash for some reason, or felt they had too much exposure to Kinross, or maybe they sell and make a profit to puff their earnings this quarter.

You could just as easily say the buyers surely expect to resell higher.

Whatever, based on the technicals I don't see Kinross going down much right now. It is real strong.

Little joe