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Gold/Mining/Energy : GLAMIS GOLD - GLG -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (439)	9/3/2006 8:55:04 PM
From: Skywatcher	Read Replies (1) \| Respond to of 459

we have been screwed, a surprise deal of this magnitude and we're out over 10% in 2 days while glamis, one of the worst environmental gold companies gets the golden 31% over payment

To: Cage Rattler who wrote (439)	9/4/2006 12:53:51 AM
From: John Sladek	Read Replies (1) \| Respond to of 459

Cage, As a G shareholder myself, I think that the G shareholders have a point. What do you think about the GG stockholders bitching about being screwed? G's shareholders rejected a merger with GLG in early 2005, and rightly so, in my opinion. Later, G's management went out and negotiated a friendly deal with GLG, and structured the deal such that G's shareholder's don't get a vote. I think that management did it this way because they knew that the shareholders would not be in favor of it. To me, it seems like a slap in the face. At least now everybody knows that G is being run by they type of people that don't care about what their shareholders think. I can see lots of reasons why G shareholders wouldn't want to hook up with GLG. First, because they rejected them before. Second, because the only property that GLG has that has the potential to be world-class is Penasquito. Finally, I think that these numbers say it all: Au Produced, 1st six months 2006: Goldcorp: 637,600 Glamis: 286,418 ( From the latest quarterly reports: goldcorp.com and glamis.com ) I own GLG shares as well, and fortunately for me, my GLG shares went up more than my G shares went down.... I think that G shareholders should have another look at GLG before they reject it out of hand. If things go according to plan, next year's production should be up significantly for GLG. My conclusion: GLG isn't much of a company, but it doesn't suck nearly as bad as it did before it acquired WTC.