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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 (44536)10/31/2005 10:37:17 AM
From: ild  Read Replies (1) | Respond to of 110194
 
Global: Here Comes the Indian Consumer

Stephen Roach (from Melbourne)

morganstanley.com



To: ild who wrote (44536)10/31/2005 12:14:27 PM
From: jackjc  Read Replies (1) | Respond to of 110194
 
Yes, and it puts 1.2B cash in the hands of PDG holders who
may use it to buy other jrs. And some PDG holders may sell
because of the dislike of Barrick hedging, bringing more
cash for other jrs. And the cash to buy the Barrick sh will
seldom come from jr gold players.

So net would expect a cash infusion into our jr golds.


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