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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (22890)	12/5/2004 10:09:30 PM
From: dara	Read Replies (1) \| Respond to of 110194

Reading that the premium for WHT is only 7% one can hardly make the case that this is especially bullish for miners over all...but we'll see... I make it a 14% premium. How do you get 7?

To: jimsioi who wrote (22890)	12/5/2004 10:31:57 PM
From: dara	Read Replies (1) \| Respond to of 110194

Sorry, my oversight. a premium of approximately 7% to Wheaton River's average closing market price for the previous 30 days on the Toronto Stock Exchange. In an interview after the IMG/WRM merger vote failed Ian Telfer was asked why he thought it failed. He said that he didn't do a good enough job selling the deal to the IMG shareholders and also it had been said that they negotiated too good a deal for the WRM shareholders. May be he is trying to compensate for that?