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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (6683)	1/25/2004 5:14:52 PM
From: Jim Willie CB	Respond to of 108643

I wouldnt focus too much on NEM and debt, issues, highs the main question should be... what will they do with the money raised by equity or debt ??? if the answer is "expand production of marginal mines" then full speed ahead if the answer is "to pay off hedgebooks" then caution ahead if "pay enormous stock options and gilted bathrooms" then red light, exit I would not conclude NEM is selling stock at the highs I would say NEM is selling stock after a well-deserved run this is an event (including November) that I have long awaited the gold industry needs badly for NYSE support equity offerings are exactly how to bring that about I would not touch NEM stock it is the biggest among the big gold miners so what the hell is their upside growth potential? they will probably overpay for numerous other acquisitions which will hurt their stock price growth trajectory (reduce their upward slope in share price) but help enormously the little explorers and minor producers / jim