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

To: ild who wrote (44533)	10/31/2005 10:34:12 AM
From: ild	Read Replies (2) \| Respond to of 110194

Date: Mon Oct 31 2005 10:01 trotsky (@ABX/PDG) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved it will be most interesting to see how Barrick plays PDG's South African assets. recall that PDG's stake in South Deep actually represents the bulk of its mineral reserves and resources ( 50% of the company total approx. ) . Barrick has been among the few non-SA majors expressing an interest in investing there in the past. either South Deep ends up as a springboard for such plans, or it comes into play itself, which would by logical extension bring in GFI as a potential partner ( GFI has easy access to the SD orebody via a neighboring mine, and SD will one day be forced to make a deal with them anyway ) . i see GG will finally get hold of the Campbell mine. this has been a long time pet project of McEwen's while he was still CEO. Campbell is right next door to Red Lake, so this would definitely make a lot of sense ( note also, PDG never wanted to sell Campbell because it's a reliable cash cow ) . lastly, merger activity in the sector is always bullish for the sector as a whole. it immediately conjurs up speculation on other possible deals, and it narrows the available investment choices as well, which benefits the mid tier and major producers whose shares remain on the board.