Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ild who wrote (25472)	1/28/2005 1:42:56 PM
From: ild	Respond to of 110194

Date: Fri Jan 28 2005 11:21 trotsky (JD@HMY/GFI) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved there's a rumor making the rounds that Norilsk wants to involve Stillwater in the deal. be that as it may, if the bid fails, one should short GFI and go long HMY in commensurate amounts , since GFI's bid premium will disappear, while HMY can hope for a much improved balance sheet upon the sale of its 11% stake. i would note though that HMY's management is well known for its tenacity. it has been involved in a hostile takeover battle before, and emerged the winner on that occasion, even though the competition didn't exactly play fair. with Norilsk mulling involvement of SWC in a differently structured deal the whole thing may still end up a win for all involved, especially shareholders. the Norilsk guys are no dummies, as the excellent timing of their SWC takeover proves. Date: Thu Jan 27 2005 13:33 trotsky (@PMU) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved this pre-feasibility study is quite encouraging considering the potential for expanding reserves. it's a bit surprising that the market isn't reacting to it more favorably, but that is likely due to the general malaise in the pm sector.