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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (1091)11/29/2003 2:39:51 PM
From: Wade  Read Replies (2) | Respond to of 48092
 
Now, JPM is a big gold stock owner, ironically.

Let's see the next move by JPM.

Wade

Reuters
UPDATE - Gold Fields says JP Morgan buys more shares
Friday November 28, 3:54 am ET

(Adds more detail, share price)
JOHANNESBURG, Nov 28 (Reuters) - South Africa's Gold Fields (GFIJ.J) said on Friday that J.P. Morgan Securities Ltd had exercised the manager's option to purchase a further 2.25 million new ordinary shares in the group at $13.00 per share.
The mining group said the option, which was part of a share placing, had now increased gross proceeds to $224 million.

Gold Fields, the world's fourth-largest gold producer, plans to use the funds from the share placement, representing 3.64 percent of its issued share capital, for spending in Ghana and Australia and to fund offshore growth opportunities.

By 0852 GMT, Gold Fields shares were down 0.35 percent to 85.60 rand, underperforming a 0.5 percent rise in the wider market (^JALSH - News).

The shares will be listed on the JSE Securities Exchange and the New York Stock Exchange (News - Websites) .

It said an application would be made for the listing of the shares on the Official List of the United Kingdom Listing Authority and for admission to trading on the London Stock Exchange.



To: Wade who wrote (1091)12/6/2003 9:28:52 AM
From: Northern Marlin  Read Replies (2) | Respond to of 48092
 
Wade, I sent the following e-mail to AEM Thursday morning.
So far, no reply has been received. Want to venture an
opinion?

Good morning Mr. Landen,


I'm trying to construct a model for 2004 based on your
production estimates announced on 11/20/03.

Please review the information below, taken from the 6-K for
3rd Q 03 and the 11/20/03 press release:

Head grades: Ytd 9/30/03 2004 estimate
Gold (oz/ton) 0.10 0.13
Silver (oz/ton) 2.14 2.50
Zinc 3.18% 3.40%
Copper 0.53% 0.60%

The grades of all four metals are estimated higher for 2004
than the actual grades produced in the first 9 months of
2003. What information did Agnico management use to arrive
at these grade estimates?