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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (1547)	12/23/2004 10:38:38 PM
From: goldsheet	Read Replies (1) \| Respond to of 18308

> Bob, what do you think about HMY/GFI deal? The two firms are pretty equal in terms of production, reserves, and resources, but GFI has about double the market capitlaization, reflecting better quality mines in RSA and diversification. Harmony has to do something, but this is pretty bold and Norilsk remains a wildcard. I'm not sure the combined firm will better, just different. I'm surprised Anglogold has not done anything, since buying out JV partners (Randgold, IAMGold) to get majority ownership of some good mines (Morila, Sadiola, Yatela) would make sense.