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

To: E. Charters who wrote (25668)	12/17/2003 4:32:36 PM
From: Pacing The Cage	Respond to of 39344

Goldcorp dives as CEO sells 40 pct of his stock Wednesday December 17, 1:20 pm ET VANCOUVER, British Columbia , Dec 17 (Reuters) - Goldcorp Inc. (NYSE:GG - News; Toronto:G.TO - News) was the worst performing stock on the Toronto gold board on Wednesday, sliding 4 percent after news that the company's chief executive had sold $28.4 million worth of stock in the Canadian gold producer. Goldcorp said Rob McEwen, who is also the chairman of the Toronto-based miner, sold 5.5 million of his Goldcorp shares on Tuesday in a sale he said was necessary for his personal financial needs. The stock sold represents about 39 percent of McEwen's holding in the mid-sized gold producer. It leaves him holding about 8.5 million Goldcorp shares -- about 4.5 percent of all the stock in the company. Shares listed in Toronto sank as low as C$20.25 but by early afternoon had recovered slightly to C$20.58 -- a loss of 62 Canadian cents, or 3 percent. "Some people are probably taking the same view as Rob McEwen -- that it is a good time to sell," said Patrick Chidley, an analyst at Barnard Jacobs Mellet in New York. Goldcorp surprised financial markets last week when it announced it was selling its gold stash, built up over two years on the belief that gold is a robust investment and as good as holding cash. Although the firm said it was already rebuilding its gold stock, analysts said the bullion sale might be interpreted, especially by retail investors, as a signal that Goldcorp believed gold prices have peaked for now. ($1=$1.33 Canadian)

To: E. Charters who wrote (25668)	12/17/2003 9:59:17 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 39344

long term?

To: E. Charters who wrote (25668)	12/17/2003 10:05:03 PM
From: loantech	Read Replies (3) \| Respond to of 39344

EC what of the IMR drill holes?