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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (20402)	9/13/2003 9:15:25 PM
From: yard_man	Respond to of 39344

Slightly less than 10% of the float -- that they can do that transaction at once is bullish -- selling to investment houses that expect to resell the stock, IMO. NEM obviously saw more profitable use of the funds rather than holding Kinross -- that is not necessarily bearish for KGC -- rather it is simply a reflection of NEM's preference for something else -- that something else you can only participate in by owning NEM. My own guess is that better use of capital -- is not something that NEM expects to bear fruit in the next few weeks, but that they have something in mind with a longer term view.