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To: ~digs who wrote (1248)	7/29/2005 6:03:36 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

Federal prosecutors in Los Angeles have issued a grand jury subpoena to The Home Depot Inc. seeking documents and information relating to the company's handling, storage and disposal of hazardous waste. biz.yahoo.com potential double top on weekly chart stockcharts.com[w,a]waclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G

To: ~digs who wrote (1248)	11/16/2005 11:57:51 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

[USGL.OB] U S GOLD CORP › 2.60 +0.5 ( +23.81%) stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G -------- Former Goldcorp chair wary of using debt for buys yahoo.reuters.com TORONTO, Nov 15 (Reuters) - Goldcorp Inc.'s former chairman said on Tuesday that he resigned from the top spot in part because he did not agree with the miner's strategy of going into debt to buy assets from Placer Dome Inc. Rob McEwen, the Toronto financier known for transforming Goldcorp from a $50 million investment into North America's fourth-biggest gold producer, stepped down as chairman on Oct. 31, the day Barrick Gold Corp. announced its $9.2 billion takeover bid for Placer. As a side deal to Barrick's hostile offer, Goldcorp said it would buy $1.35 billion of Placer assets. "My philosophy of gold mining is that ... you want it to be profitable, you want to be at the bottom of the cost curve, and I have avoided debt wherever possible," said McEwen, who was Goldcorp's chief executive before it merged with Wheaton River Minerals Ltd. earlier this year. McEwen is now the CEO of a tiny gold explorer, U.S. Gold Inc. . Ian Telfer, the former chief executive of Wheaton River, is Goldcorp's chief executive. "Wheaton River grew very successfully through a series of acquisitions utilizing debt and acquiring properties (where their) timing was excellent," he said. "Goldcorp grew organically. We avoided debt and we stayed at the bottom of the cost curve, and we were very successful growing," said McEwen, who holds a 3 percent stake in Goldcorp. "So you have two different approaches and, philosophically, I like organic growth. I like low costs and I like no debt." Differences aside, McEwen voiced some support for Barrick's bid for Placer, which would see Goldcorp acquire certain Placer assets once the takeover is complete. "It consolidates the Red Lake district, which has long been a goal of mine. Should it be successful, they will have a larger production base," he said. "I am sure they will find ways to reduce (the debt)." Placer is reviewing Barrick's formal offer and has said it will reply before the end of the month. For now, it is advising shareholders not to act until the board has a chance to make an evaluation. PLANS FOR U.S. GOLD McEwen is now focused on the Cortez Trend region in Nevada where he plans to aggressively explore U.S. Gold's only property, Tonkin Springs. The property is estimated to contain a 1.4 million ounce inferred gold resource. "The real value creation comes from exploration and, when I look at Nevada, it's one of the best places in the world to explore," said McEwen. The tiny, relatively unknown explorer is digging in the same area as the some of the biggest gold producers in the world. Newmont Mining Co., Barrick and Placer are active in the state as well as in the Cortez Trend. However McEwen has no plans to join forces with the seniors. He is on the hunt for like-minded, small explorers and has already amassed a 17 percent stake in another small firm called White Knight Resources , whose property adjoins U.S. Gold's. "To act as a consolidator in the area would definitely be one of my objectives," he said. "I think there is a need for a junior exploration company that has a large land package there." McEwen notes that a number of companies have approached U.S. Gold and have said "they would like to join our efforts."