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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (96143)	10/26/2003 8:27:22 AM
From: E. Charters	Respond to of 116764

You can buy and sell cobalt in the back alleys of Cobalt Ontario, by bic lighter. A bit dicey, carry a gat. The bic lighter bit is why Cobalt burnt to the ground twice. Some guys in New York who might deal it. They deal all sorts of metals. Forget the name. Hope this helps. EC<:-}

To: goldsheet who wrote (96143)	10/29/2003 4:56:35 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116764

Bob, I don't recall whether or not you have a "special place in hell" for the derivative's players and their banker's section on goldsheetlinks.com, but if so...please consider adding the following. As you know, those of us around here who remember the LTCM blackbox failure which took Scholes to living pergatory as a mathematician bankrupt and into the annals of ignominy, will recall my "morbid" fascination with the work out of one of the two "story stocks" LTCM took down with them...Ghana's Ashanti. Well, to the banking consortium of players go the spoils. Note the following from London this AM: <font color=slateblue> Wednesday, 29 October 2003 The Ghanaian Government has given its approval to AngloGold's bid for Ashanti, based on: A) "AngloGold's superior operating expertise in deep-level mining, B) its capital endowment, C) and its record of dividend payments... ...G. government is confident that in both the short and the long term, AngloGold's bid for Ashanti offers superior benefit for Ashanti, Ghana, and its people." The government said it had, with its financial advisor Societe Generale, reviewed "all alternatives and possible outcomes." The new group will have attributable gold production of 7.3M ounces (227 tonnes) per annum. Ashanti's third quarter results presentation is tomorrow at 10:00 GMT. Gold production currently runs at approximately 1.6M ounces per annum.</font> ********************* COMMENTARY: Wouldn't you think the public deserves at least a subtitle on the Ashanti tombstone: <font color=red> R.I.P. ** Hedgebook blow-up </font> High points of the Greenspan led bailout of Ashanti: * No Interest Loans No Margin Call Broker Loans * 16 Banks in the Consortium ** Banks took a collateral position *** 10 years to pay back money or lose control <font color=red>It's now 2003 and these dudes still couldn't pull it off even on those colossal terms</font> One Part of the whole Ashanti story most threaders don't know is this: Mink Minerals (yes, ole Orly dela Cuesta MKM.VSE) owned the rights to that mine and couldn't hang onto it when he was seeking initial funding of Ashanti from Viceroy before it was dewatered and re-commissioned. The Ruskies owned and equipped and ran it, before abandoning it when USSR went bankrupt and couldn't even feed, let alone pay their troops... Now ain't that a kick <snicker> g_t